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The Single Biggest Development Opportunity in the UK

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The Single Biggest Development Opportunity in the UK The single biggest development opportunity in the UK South Tees Development Corporation Teesside Management Offices, Redcar, TS10 5QW Tel: 01642 408000 [email protected] www.southteesdc.com FOREWORD Ben Houchen, Tees Valley Mayor Chair of the South Tees Development Corporation The South Tees Development Corporation is the single biggest development INTRODUCTION AND BACKGROUND opportunity in the UK. Covering 4,500 acres, it is the first industry and supply-chain services Other key assets on the site include In October 2015, Sahaviriya Steel Industries (SSI) went into liquidation, marking the end of almost 170 years of Mayoral Development Corporation to that stretches out across Tees Valley. PD Ports, the UK’s Northern gateway iron and steelmaking on Teesside. be set up outside of Greater London. for global shippers, Redcar Bulk The site has already attracted Chaired by me, and supported by Terminal, the deepest port on the The challenge of replacing lost Government backing, with £137million Development Corporation at the South significant interest from investors a powerful board that exemplifies East coast and Northumbrian Water, industries was met head-on with to date being secured to prepare the Tees site is in part the area’s response across the globe and this will only a strong private sector and local serving industry in the area. The the establishment of a Mayoral site for investment. It will also become to the closure of the SSI Steelworks but grow as the Development community focus, it anchors Tees adjacent Wilton International works Development Corporation, the first the UK’s first Special Economic Area. also part of the wider strategy to drive Corporation further secures land Valley’s response to the Northern in tandem with the Development outside of Greater London, on the This will give the Development forward growth and investment, create and assets on the site, bringing Powerhouse and Government’s Corporation and is one of the site at South Tees. The South Tees Corporation the powers to retain jobs and support local communities. them into public ownership. This Industrial Strategy. UK’s most important locations for Development Corporation will ensure business rates to reinvest into By bringing the SSI site, and other began with the purchase of 1,420 the process industry, offering that long-term, sustainable and developing more of the site. underutilised land in the area, back Under the direction of the acres from Tata Steel Europe, low-cost utilities. large-scale employment opportunities in to economic use and by attracting Development Corporation board representing more than half of all Mayoral Development Corporations are created for the future generations private sector investment, the South and with powers transferred from developable land within the site. Tees Valley also benefits from strong can draw on a wide range of of Tees Valley residents. Its ambitious, Tees Development Corporation will be Whitehall, we have a 25-year vision Proceedings to secure 870 acres of road and rail links, with a Network powers, covering infrastructure, but deliverable, vision sets out the able to secure high-quality jobs for the for a world-class industrial zone land at the former SSI Steelworks are Rail passenger and freight line financial incentives, regeneration and industrial strategy for the wider Tees people of Tees Valley. heavily focused on clean energy, now also underway. serving the site. Since bringing our land acquisition, devolving powers Valley area. the circular economy and industrial local airport into public ownership, from central Government to the local Already, the world’s largest symbiosis and advanced we have the opportunity to increase The Development Corporation was area. The establishment of a Mayoral purpose-built biomass energy plant, manufacturing. We will curate our international connectivity like launched by the Prime Minister in the £650million MGT Teesside, is a carefully chosen balance of never before, with a clear plan August 2017 and has strong nearing completion on the site and major investors, cutting-edge that will work in the interests of the area will provide access to our region’s businesses. export for the world’s largest polyhalite mine, accessed from a A first-phase investment pipeline of 23-mile tunnel to the Sirius Minerals £10billion demonstrates the level of mine in North Yorkshire. ambition for our area, which seeks to deliver 20,000 jobs. We have the land, we have a plan and we’re ready to transform the South Tees and wider Tees Valley into a national asset of manufacturing excellence. 2 3 ABOUT THE SOUTH TEES The Development Corporation area is prime development land on the banks of the River Tees and benefits from the presence of strategically important businesses, facilities and operations that enhance the attractiveness of DEVELOPMENT CORPORATION the site, including Teesport, Redcar Bulk Terminal, Northumbrian Water, British Steel and BOC. The South Tees Development Corporation is the single A multimillion-pound infrastructure a potential first-phase investment OGCI Climate Investments, will be the biggest development opportunity in the UK right now. The vision programme commenced in pipeline of £10billion. world’s first gas-powered energy plant It is the first Mayoral Development Corporation outside of December 2018. The Development to deploy full-chain carbon capture, • To realise a world-class industrial business park that Multibillion-pound projects already Greater London and the 4,500-acre site is six times the size Corporation now owns more than half utilisation and storage at scale. will ensure sustained economic growth for Tees Valley announced include Sirius Minerals’ of the City of London. Overseen by the Tees Valley Mayor of all the developable land within its Yorkshire firm PMAC is bringing a • A focus on clean energy, the circular economy and polyhalite processing plant for its North and Tees Valley Combined Authority, it represents an boundary following a landmark deal £250million waste-to-energy plant industrial symbiosis and advanced manufacturing Yorkshire mine project and the Clean international-scale opportunity to grow the Tees Valley with Tata Steel Europe UK to acquire and the world’s largest purpose-built Gas Project - a consortium of six global economy, making it one of Europe’s biggest industrial • To create 20,000 new jobs in Tees Valley 1,420 acres in early 2019. To date, the biomass power plant is under energy giants; BP, ENI, Equinor, Oxy, economic prospects. Development Corporation has had construction on the site, a £650million • To contribute an additional £1billion per annum to Shell and Total. The project, led by more than 100 serious enquiries with investment by MGT. The vision outlined in the 25-year Master Plan will see the Tees Valley’s economy area transformed into a world-class business park with up to 20,000 jobs being created in skilled sectors, heavily focused on advanced technologies and clean energy. 4 5 THE LOCAL AREA, SKILLS AND INNOVATION Location Access to global markets busiest ports, it is the UK’s Northern Connectivity The site benefits from national rail fast commuting times are a key gateway to the world. Less than 30 connectivity for passengers and freight, selling point, attracting businesses The South Tees Development Located at the mouth of the River Tees The Development Corporation has minutes’ drive is Durham Tees Valley with direct rail links to the East Coast and people. Corporation site covers 4,500 acres and encompassing the major port excellent transport connections. With Airport. Recently brought back into Main Line and TransPennine routes of land to the south of the River Tees. facilities of Teesport and Redcar rail-connected portside facilities and public ownership and with an providing access to all parts of the UK, Technology Strategy It is in the heart of Tees Valley’s Bulk Terminal, the Development access to the rest of the UK via the ambitious ten-year plan that will see it with direct routes to London and industrial zone and benefits from Corporation could not be better wider strategic road network, it is The Development Corporation is grow as a passenger and freight hub, Scotland, Leeds and Manchester. strategically important businesses, located to capitalise on its unique well-connected to other industrial building on Tees Valley’s clean growth it is another crucial link to international facilities and operations and other selling point, sea transport and manufacturing hubs. The A66 Combined with the international ambitions and our engineering and markets. industrial assets. Immediately south connectivity. The South Tees area East-West route commences at the gateways at Teesport and Durham Tees scientific competencies in areas such of the site is the world-renowned benefits from being situated within a site boundary and there is also easy Valley Airport, the site has some of the as hydrogen; carbon capture, industrial complex of Wilton major export region for the UK. With access to the A19 North-South route, fastest access for business and utilisation and storage; offshore International, home to some of the the deepest water port on the east both of which provide access to the residents to national and international energy; process engineering; industrial biggest global chemical companies. coast of England and one of the UK’s M62 and A1(M) strategic routes. markets and employment. The area’s optimisation and the circular economy. Benefits for investors Tees Valley is a high-value, high-growth area. It is home to almost 700,000 people and there are 2.5million people living within a 60-minute drive. The area has a highly skilled workforce with vast experience in manufacturing, engineering and offshore industries. It is home to some of the most innovative and forward-thinking experts in low carbon technologies, with leading research and technology development organisations, such as the Centre for Process Innovation (CPI), Materials Processing Institute and TWI.
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