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Plans unveiled for Durham Tees Valley Airport

Words: Laura Edgar

Plans for a development programme for Durham Tees Valley Airport have been unveiled as the airport looks to secure its future.

The proposals for the north side of the airport, now submitted to Darlington Council, include a residential development of 350 homes and a local services centre for retail, commercial, leisure and community uses. These are also laid out in the airport’s masterplan, which aims to maximise the potential of the whole airport site.

The outline planning application also commits to invest in local services, including affordable housing and highways and transport infrastructure.

Chairman of Peel Airports Robert Hough emphasised the importance of generating funds for the investment required to enable the airport to become a viable and sustainable business.

Since acquiring a majority shareholding in the airport in 2003, the Peel Group has invested £34 million. However, to secure the future of the airport, the group says “significant ongoing investment is required”.

Hough said the business continues to make “significant annual losses”, which is why all of the airport’s assets, including land, need development.

“100 per cent of the revenues generated from the housing development will be reinvested in the airport business,” he said.

Hough said the plans have the potential to bring security to the airport’s future for a minimum of five years, allowing for the “region’s economy to recover, supporting the prospects for growth in services”.

“The plans we have put forward can play an important part in supporting [the airport’s] ongoing operations and establishing the viable business base which will help it to move forward,” he concluded.

The airport’s masterplan, which will be phased to 2020 and beyond, includes development on the north and south side of the airport runway.

The masterplan aims to create up to 3,800 new jobs, 450 full-time equivalent jobs during construction phases and add over £348 million gross added value.

Image credit | © Adam / Flickr CC