March 5, 2020 @ 14:30 by Richard Dawson
Work has started on a brand new £200 million business park on land near Teesside International Airport, which is set to deliver economic and employment benefits to the Tees Valley area.
The project will see the development of 3.4 million square feet of logistics, manufacturing, and commercial space on a 270-acre site to the south of the airport.
When the business park is complete, the Tees Valley is in line to benefit from 4,400 new jobs, as well as seeing £3 million generated and invested in the Airport each year.
The Tees Valley Combined Authority had previously negotiated a deal to purchase the Airport and bring it back into public ownership in 2019.
This agreement included 817 acres of land intended for development — the site on the south side of the Airport is the largest of these areas and will be built upon under a joint venture partnership.
The project will begin with £23.6 million of critical infrastructure work that will see access improved and the site connected to main utilities.
Speaking after breaking ground on the Airport site, Tees Valley Mayor Ben Houchen said: “Today I’ve broken ground on the next huge project to secure the future of Teesside Airport.
“Ever since bringing our airport back into public ownership, I have always said that for it to succeed, we need to be supporting our businesses as well as attracting flights to fantastic destinations for consumers.
“Today is the next step in achieving a sustainable, appropriate development around our airport, providing a high-quality site for businesses, a huge number of which have already expressed an interest at being based here.
“Not only that, it will help create thousands of good-quality jobs for local people and make sure our airport will be here for years to come, with money from the site reinvested into our airport.”