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.