A new Special Economic Area (SEA) will soon be established over the South Tees Development Corporation site after an announcement by Chancellor Philip Hammond in today’s (29 October) Autumn Budget.
Tees Valley Mayor Ben Houchen has today joined forces with his counterparts from across the UK to call on Government to fully devolve a proposed £2.4billion funding stream after Brexit.
Tees Valley Mayor Ben Houchen visited the Materials Processing Institute to meet representatives involved in global steel and industrial group Liberty’s £10million project to develop a new generation of powdered metals.
Tees Valley Mayor Ben Houchen has praised a £24million investment from Government to improve education, boost social mobility and raise aspirations for children in the Tees Valley.
A Tees Valley firm which specialises in building cutting edge prototypes for Formula 1, aviation and the nuclear industry has been visited by Tees Valley Mayor Ben Houchen.