The Tees Valley Combined Authority has an ambitious Strategic Economic Plan to grow the local economy. Our plan will see the creation of 25,000 new jobs in the region over the next ten years, creating a period of sustained economic growth through inward investment.
Tees Valley has a world-class reputation across our key sectors with an established infrastructure and supply chain in the offshore, advanced manufacturing and engineering, chemicals and process and logistics sectors. Key emerging sectors include life sciences, digital, energy and renewable and business services. Significant investment has been made in infrastructure and facilities, creating sectors that are full of potential for future investors.
Tees Valley has many advantages over other areas. Not only are we a cost-competitive location, we are also ripe for investment, with exciting new opportunities on the South Tees Development Corporation, the new Tees Advanced Manufacturing Park and Central Park, a major hub for healthcare and life sciences businesses.
Tees Valley’s Enterprise Zones offer financial incentives for companies looking to invest and include a range of sites, from town-centre offices to large areas of prime cleared land ready for large-scale industrial investment.
There is also plenty of support available from Tees Valley Combined Authority and Tees Valley Business Compass who can help with finding premises and a skilled workforce and can assist with funding applications through the Tees Investment Fund.
The Tees Valley Combined Authority is driving forward an ambitious agenda for growth with a clear strategy ‘Inspiring Our Future’ focusing on transforming Education, Employment and Skills in the area with an aim to make 133,000 jobs available in Tees Valley by 2024.
In 2021 Tees Valley will bid to become UK City of Culture in 2025, cementing its position as an ambitious hub of culture and creativity in the North East.
In 2018, we launched Enjoy Tees Valley – a dedicated destination marketing service, website and brand. The establishment of a destination marketing service for the Tees Valley will increase visitor expenditure in the region by attracting new visitors and increasing the length of stay of existing visitors. This will ultimately support business growth in the tourism industry, creating jobs and supporting the wider Tees Valley economy.
High-quality, sustainable housing growth and renewal are central to achieving our ambitious plans to expand the economy.
Building new homes, revitalising existing communities and creating excellent environments for business to operate are critical to attracting and retaining individuals and companies.
We must address issues of undersupply across the housing market and be ambitious to accelerate the building of homes of the right type in the right place, at the right time, with the right infrastructure.