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Young's Seafood is planning to expand its plants in Grimsby with the creation of 200 jobs, having secured £1.4m from North East Lincolnshire Council.
Young's Seafood is to open its first branded fish and chip shop in Cambridge in January.
Young's Seafood is to expand the 776-strong workforce at its two fish processing plants in Grimsby with 321 new jobs.
Young's Seafood is to invest £1.5m in the refurbishment of its Humberstone Road fish processing factory in Grimsby, but up to 49 of the 725 jobs will be lost.
Young's has acquired The Seafood Company, the owner of Anchor Seafood and Cromer Crab with annual sales of £70m, from Fishery Products International.
Young's Seafood is to create up to 50 new jobs at its new £10m Macrae Edinburgh seafood factory in Livingston.