Tees Valley is located in North East England, nestled between North Yorkshire and County Durham. Covering an area of 304 square miles there is a population of around 660,000 people living and working here.
Tees Valley is made up of five local authorities, Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton. Each is defined by its communities, natural assets and industry and each shares the same commitment to develop the area and build the local economy.
The region is renowned for its industrial roots, with an established history and expertise in business and industry, making it the heart and soul of the economy. With recent investment into innovative sectors and new technologies such biologics, energy sources from waste and subsea, we already contribute over £12 billion per annum into the national economy.
Tees Valley is also home to a wide range of companies from a variety of sectors. For companies locating in the area, Tees Valley offers a wide range of sites and premises, skilled and affordable workforce as well as financial incentives and benefits.
Over 17,000 businesses are registered in the area and the Tees Valley economy is continuing to grow, up £217 million per annum from 2014 to £12.6 billion per annum in 2015. The region continues to outperform other parts of the country with its business birth rate due to the continued investment which, at 14.6%, is higher than the national average – showing the plans we have in place are proving to be effective in attracting new business investment to the area.
Major projects which have recently commenced their civil engineering works include MGT Power in Redcar, who are building the world’s largest purpose-built biomass power station, as well as announcements by Sirius Minerals and Australian firm Peak Resources to establish mineral processing plants in the region. These three investments alone represent well over £1 billion of new investment, demonstrating the confidence companies have in Tees Valley and a clear indication of the area’s global reputation for successful manufacturing.
Excellent transport links mean that business located here as well as those who live in the area can enjoy easy access to the rest of the country with London, Edinburgh and Manchester an easy two and a half hour train journey away and Newcastle, York, Leeds, and the Lake District all within an hour’s drive.
The area is beautiful and diverse, home to vibrant towns, picturesque villages and impressive historic venues. We are lucky to have some of the most stunning countryside on our doorstep, as well as impressive coastlines that are framed by our dramatic industrial heritage.
With so much to offer get ready to explore the business opportunity in this area of North East England, which is bursting with potential.