Inward investment opportunities could bring 3,000 Tees Valley jobs

A series of economic recovery schemes have been approved, aimed at securing up to 3,000 jobs for the region by September 2022. The Tees Valley Combined Authority has agreed in principle to a £5.8million grant award to facilitate a project that will require improvements to local highways infrastructure.

The Business Investment team is also collaborating with the Department for International Trade to promote the area’s capabilities to overseas markets. Efforts are currently focused on marketing the region as a specialist base for carbon fibre manufacturing, targeting the automotive, aerospace and renewable energy sectors.

In addition to carbon fibre production, the region is promoting its existing bioscience cluster. Key assets such as the National Horizons Centre at Teesside University, CPI, and Fujifilm Diosynth are being showcased to demonstrate the area’s potential for further clean energy and manufacturing growth.

Tees Valley currently sees ongoing activity at the South Tees Development Corporation site and a renewed focus on international connections through Teesside International Airport. These initiatives form part of a broader strategy to reposition the region as an attractive destination for international business.

Archive source: This story is based on reporting originally published by Tees Valley Combined Authority on 2020-07-24. The original source image has been retained and credited.