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09/01/2019

Further funding for South Tees

Words: Laura Edgar
Jake Berry MP / MHCLG

Northern Powerhouse minister Jake Berry has announced a £14 million investment into the South Tees Development Corporation.

The site of the development corporation is the former Sahaviriya Steel Industries (SSI) site at Redcar. The land is set to be transformed and made ready for development that aims to create jobs and attract over half a billion pounds of private sector investment.

Work to establish construction access and utilities, a new spine road and roundabout is set to begin in the first quarter of 2019. Commercial tenants are expected on site in 2021.

The extra cash brings the total investment in the development corporation to £137 million.

Berry MP, said: “Our investment of £14 million into this site will help transform this derelict piece of land into a burgeoning new industrial quarter, which is expected to create 500 new jobs and attract an extra half-a-billion pounds of private investment.

“It’s a further demonstration of how we’re helping to build a new golden era for the North East as part of our industrial strategy, and ensuring the Tees Valley is truly open for business as we are set to leave the European Union.”

Tees Valley Mayor and Chairman of the South Tees Development Corporation, Ben Houchen, said the £14 million is “vital” to kick-start immediate work to redevelop land.

“These huge schemes will deliver hundreds of quality jobs for local people, drive growth for the Tees Valley economy and continue our history of manufacturing excellence.

“This £14 million shows that government is continuing to listen to us and this is another step closer to the development corporation becoming a massive success story for not just the North East but for the UK.”

Image credit | Ministriy of Housing, Communities and Local Government

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