I see that Waters & Robson - the local Morpeth firm selling (amongst other products) Abbey Well mineral water have sold up to Coca Cola. Even if Coca Cola keep the Abbey Well brand (and I guess that is what they are paying for), I don't think they'll see any reason why it should come from or be bottled in Morpeth - that'll be 80+ local jobs at risk as the 'rationalisation process' cuts in.
Of course, it is a privately-owned company, and the directors have a perfect right to sell their property - but I'd have said that Waters & Robson, in some way, also belongs to Morpeth. The business has been linked to the town for a century and more. I think there's an issue of loyalty here.
And even if Coca Cola keep the business in Morpeth - the profits will go out of the town, out of the local economy.
This is what I can't understand when people look for the 'big name' multinationals coming to Morpeth: Costa and Starbucks will threaten our local owned cafes, Subway is squeezing our local sandwich shops, Next, Timpsons, W H Smiths etc will all take business from locally owned shops - and (to my way of thinking) the challenge to our local independent butchers, bakers, delis and greengrocers are Morrisons, Tescos, Sainsburys and M&S - not the markets.
Sure the 'big names' may bring more people into Morpeth (though maybe not so many, if Bridge Street looks identical to any other high street) - but those people won't spend that much in the local shops, and though the 'big name' stores may 'create jobs', their profits will go out of the town - and jobs will be lost from the locally owned shops.