Planning and Housing

09.01.19

Northern Powerhouse minister confirms land transfer deal to unlock major metalworks in Tees Valley

A deal to secure more than half of the developable land at the former Redcar Steelworks has been announced by Northern Powerhouse minister Jake Berry and Tees Valley mayor Ben Houchen, with investment expected to bring over 500 new jobs.

Houchen has said that Tata Steel Europe has agreed to transfer more than 1,420 acres of land at the South Tees Development Corporation (STDC) site to the enterprise with the government’s backing.

Berry also confirmed that the Development Corporation’s bid for £14m to unlock two major metalworks projects had been successful, bringing the total investment into the STDC up to £137m.

The deal is due to be confirmed by both the corporation and Tees Valley Combined Authority (TVCA) later this month once the STDC’s board have met on 15 January to discuss the deal— and the combined authority’s cabinet ratify it on 24 January.

The TVCA’s mayor, Houchen, is also the chairman of the Development Corporation, commenting: “It has taken 18 months of blood, sweat and tears, but I’m pleased to say we have reached a historic deal to secure half of all developable land at the South Tees Development Corporation site.

“Today is a day that will be remembered as the dawn of a new economic era for our area. We have the investors, we have the money to clean up the site, and now we have the land – there’s nothing stopping us now.”

The land is set to be transformed, bringing in over 500 new jobs on the site, growth, and attracting over a half a billion pounds of private sector investment.

Northern Powerhouse minister Jake Berry said the government’s investment demonstrates “commitment to building a stronger more resilient economy in the Tees Valley and across the Northern Powerhouse.”

He noted: “This government is firmly behind the Tees Valley, and I’m determined to ensure its people get the most out of the exciting growth opportunities available on their doorstep.

“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.”

The STDC is the first Mayoral Development Corporation outside of London, set up to promote the economic growth and commercial development of Tees Valley by converting assets in the area into investment and growth.

Growth and investment in the north will be at the centre of the conversation at the EvoNorth conference, which takes place on 27 and 28 February in Manchester. Click here to find out more.

Comments

There are no comments. Why not be the first?

Add your comment

 

public sector executive tv

more videos >

latest public sector news

Newham council to set up commission into ‘astonishing failures’ amid £9m fraud allegations

15/01/2019Newham council to set up commission into ‘astonishing failures’ amid £9m fraud allegations

Newham LBC is establishing a wide-ranging commission to review its financial management in the wake of “astonishing failures of system cont... more >
Norfolk council proposes closing 38 children centres in updated proposal following backlash

15/01/2019Norfolk council proposes closing 38 children centres in updated proposal following backlash

Around 70% of children’s centres in Norfolk are set to close despite major opposition to the closures, with Norfolk County Council now prop... more >
Greater oversight of local governance needed as NAO slams government’s lack of transparency

15/01/2019Greater oversight of local governance needed as NAO slams government’s lack of transparency

Oversight of local governance systems must be improved by the government to help councils cope with increasing financial and demand pressures, ac... more >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this... read more >

last word

The importance of openness after Grenfell

The importance of openness after Grenfell

Following the recent Grenfell Tower tragedy, Lord Porter, chairman of the LGA, argues that if the public are going to have faith in the safety testing process then everything must be out in the o... more > more last word articles >
Newham council to set up commission into ‘astonishing failures’ amid £9m fraud allegations

15/01/2019Newham council to set up commission into ‘astonishing failures’ amid £9m fraud allegations

Newham LBC is establishing a wide-ranging commission to review its financial management in the wake of “astonishing failures of system controls” in a £9m fraud claim against its... more >
Norfolk council proposes closing 38 children centres in updated proposal following backlash

15/01/2019Norfolk council proposes closing 38 children centres in updated proposal following backlash

Around 70% of children’s centres in Norfolk are set to close despite major opposition to the closures, with Norfolk County Council now proposing to shut eight less centres than originally p... more >

the raven's daily blog

Bus franchising is the biggest power new mayors have - they should use it

15/01/2019Bus franchising is the biggest power new mayors have - they should use it

It will face opposition at first, but transitioning to a system of bus franchising is the best and only option to truly modernise transport systems across our city regions, argues Luke Raikes, senior research fellow at IPPR North. England’s new metro mayors are slowly reshaping English politics. Next year, the mayors elected in 2017... more >
read more blog posts from 'the raven' >

comment

Government accountability: A year in crises

15/01/2019Government accountability: A year in crises

From Windrush to Univerisal Credit: the Institute for Government’s (IfG’s) accountability lead Benoit Guerin discusses how we can ave... more >
Rethinking public-private partnerships

15/01/2019Rethinking public-private partnerships

Trinley Walker, senior policy researcher at the New Local Government Network (NLGN) considers some different ways of approaching the relationship... more >
Fracking: divest to invest

07/01/2019Fracking: divest to invest

Deirdre Duff, divestment campaigner at Friends of the Earth, takes a look at local authorities’ role in fracking. The fossil fuel indu... more >
Building credit with the public sector

07/01/2019Building credit with the public sector

Mark Morrin, localism lead and principal research consultant at ResPublica, makes the case for salary-deducted lending to sit alongside a broader... more >

interviews

Digital innovation in the public sector: The future is now

17/12/2018Digital innovation in the public sector: The future is now

One of the public sector’s key technology partners has recently welcomed a new member to its team. Matt Spencer, O2’s head of public ... more >
Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need to invest in technology to help make better use of their resources. Bu... more >
New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

05/11/2018New Dorset Councils CEO on the creation of a new unitary: ‘This is going to be the right decision for Dorset’

The new chief executive of one of the new unitary authorities in Dorset has outlined his approach to culture and work with employees, arguing tha... more >
Keeping the momentum of the Northern Powerhouse

15/10/2018Keeping the momentum of the Northern Powerhouse

On 6 September, the biggest decision-makers of the north joined forces to celebrate and debate how to drive innovation and improvement through th... more >

public sector focus

View all News