KFC UK & Ireland has announced a £1.49 billion investment plan over the next five years, aimed at expanding its presence and creating more than 7,000 new jobs across the UK and Ireland.

The announcement coincides with the fried chicken chain’s 60th anniversary in the region.

As part of its long-term growth strategy, KFC plans to open 500 new restaurants over the next decade. Around £466 million of the investment will go towards building new flagship locations and drive-thrus, particularly in growth regions such as Ireland and North West England. The funds will also be used to refurbish over 200 existing outlets with modernised designs and enhanced digital capabilities.

The company said it will allocate £583 million to support job creation, including in-restaurant roles such as customer-facing team members, kitchen staff, managers and a newly introduced guest experience lead. KFC stated that all positions will offer structured training and development opportunities.

Another £404 million will be directed towards strengthening KFC’s UK and Ireland supply chain. Beneficiaries include suppliers such as Pilgrim’s Europe, McCormick, Nature’s Way and software provider Fourth. The investment is expected to contribute £169 million in direct gross value added to the UK economy.

According to KFC, the UK’s fried chicken market is now valued at approximately £3.1 billion, with demand outpacing other quick-service restaurant categories.

Rob Swain, general manager for KFC UK&I, said: “We’ve been serving customers in the UK for 60 years now, but we’ve never seen such strong demand for freshly prepared, fried chicken as we’re seeing today".

"As the market leader and a near-£2 billion revenue business, we’re incredibly well positioned to unlock this opportunity. That’s why we’re doubling down on our commitment to the UK&I with a major investment in our restaurants, and in the suppliers who have been so crucial to our success, which will create jobs in local communities across the country.”