March 24, 2021 @ 13:29 by Steven Hugill
A law firm has made a five-figure investment to support the revamp of a North East airport that is tipped to create thousands of jobs.
The Endeavour Partnership has become one of the first Tees Valley companies to back work to create a new-look Teesside International Airport.
Bosses at the company, which operates as Teesside’s largest commercial law firm, say the investment will help turn the base into a leading hub for tourism and business travel.
Lee Bramley, managing partner at The Endeavour Partnership, said: “As an organisation with its roots firmly planted in the Tees Valley, we want to do everything we can to support the ambitious regeneration of our area and help it realise its full potential.
“It’s an exciting time for everyone who lives and works in the region and the investment that has been committed over the next ten years will really showcase what a wonderful location the Tees Valley is.
“The team at Endeavour is hugely passionate about where we come from and believe that if we all do our bit, we can put Teesside on the map as a global leader in logistics and manufacturing, as well as an area with first-class leisure and tourism facilities that people want to visit.”
Work is already underway on the redevelopment of 270 acres of land at the airport.
Officials say the project will unlock up to £200 million in private sector investment over the next ten years and see 3.4 million sq ft of logistics, manufacturing and commercial space built at the airport through a joint venture partnership with a private sector developer.
They add the development is expected to create 4400 jobs.
Tees Valley Mayor Ben Houchen added: “The plans we’ve put in place are rightly ambitious, but we believe they are absolutely achievable if we all work together.
“The Endeavour Partnership has been behind these plans from day one and I’m delighted they are committing investment, which will boost the continued redevelopment of the airport as well, as give them a prominent profile within the new look facility.”