THE UK’S LARGEST FREEPORT TEESWORKS FOREWORD FOREWORD Teesworks is the UK’s largest freeport, unrivalled in its size, scale and opportunity compared with not just anywhere in the UK, but across Europe. Backed with hundreds of millions of pounds of supported with £20million of government cash Government support, we have a 25-year vision for a new heavy lift quay. This is complemented for a world-class industrial site heavily focused by 500 acres for manufacturing, storage and on clean energy and advanced manufacturing. handling facilities and global o!shore wind manufacturer GE Renewable Energy is already When I talk to people about Teesworks, the signed up to build a multimillion-pound state-of- first thing they think of is the former Redcar the-art wind turbine blade manufacturing factory Steelworks, but this site is about so much on the site, paving the way for Teesworks to more than that. The Teesworks area covers become the UK’s premier location for approximately 4,500 acres of land to the south o!shore wind. of the River Tees. Nearby, Wilton International works in tandem with Although we have only owned the vast majority Teesworks and is one of the UK’s most important of the land for a matter of months, there is so locations for the process industry, o!ering much happening on site. Experienced property low-cost utilities. To top it all o!, Teesside will developers JC Musgrave Capital Ltd and soon become the UK’s largest freeport and Northern Land Management have been brought one of just eight nationwide. Sitting at the onboard as partners to help drive the project heart of the Teesside Freeport, Teesworks is forward. We’ve already announced some huge primely positioned for businesses to benefit projects that will create thousands of jobs once from generous tax reliefs and simpler, more the land preparation work is complete, including convenient planning and customs procedures. 4.5million sq ft of state-of-the-art manufacturing space for o!shore wind that could create more And crucially, it is skilled, dedicated, than 4,000 new direct jobs. passionate local people who are undertaking the redevelopment work to get it ready for This will be just a stone’s throw away from Net investment. The hundreds of jobs we are creating Zero Teesside. This major initiative, by five of and the investment we are bringing in will help us the world’s largest oil companies, aims to lead change the skyline of Teesside forever. the way in decarbonising the UK’s economy by using Carbon Capture, Utilisation and Storage This is a site with a proud history and one which (CCUS). The scheme could capture and store up has touched the lives of so many people, but it to 10million tonnes of CO2 each year which is the also has an exciting future and together we can equivalent to the annual energy use of more than make it a site that everyone in Teesside is proud three million homes. of again. Other key assets on the site include PD Ports, the UK’s Northern gateway for global shippers, Redcar Bulk Terminal, the deepest port on the East coast of England and Northumbrian Water’s treatment facility. An all-new new o!shore Ben Houchen wind port will be constructed at South Bank, Tees Valley Mayor 2 3 TEESWORKS FOREWORD EUROPE’S LARGEST BROWNFIELD SITE. 4 5 TEESWORKS WHY TEESWORKS? WHY TEESWORKS? Since 2015, more than £200million has been invested to prepare a development area delivering more than 14,500,000ft2. Overseeing this transformation is the South There’s also a keen emphasis on long-term Tees Development Corporation; the first Mayoral thinking and a more sustainable future. Modern Development Corporation outside of Greater manufacturing combined with renewable activity London, and the UK’s first Special Economic Area. and the clean energy sector will empower a resilient industrial cluster that’s at the centre of a Teesworks is the next chapter; the UK’s largest high-value, low-carbon circular economy. freeport, unrivalled in size, scale and opportunity. A highly skilled workforce specialising in From the place that built the world, Teesworks manufacturing, engineering and o!shore will be a diverse, multi-sector setting, bringing industries will be complemented by Teesworks together industry leaders to power Britain’s Academy. The new academy builds on the back carbon capture capital. The site itself o!ers of skillsets and the region’s history of innovation, immediate connectivity to Teesport, the North to enhance skills, showcase career opportunities i KEY FACTS Sea, Europe and beyond, unlocking global and create a world-class workforce of the future. markets for sustainable innovators and global pioneers. Alongside Teesport and Redcar Bulk Teesworks is governed by a welcoming local — A diverse and agile multi-sector — A gateway to global markets via Terminal, an-all new 1km quay will be built at authority in Redcar and Cleveland Borough setting. sea, road, rail and air. South Bank, specifically designed to serve the Council, making it prime location for large-scale o!shore energy sector. modern industry, innovative manufacturing and — Located at the heart of the — An emphasis on sustainability, global distribution. Teesside Freeport. modern industry and As part of the Teesside Freeport, Teesworks renewable activity. is at the centre of the UK’s largest tari! free — The UK’s carbon capture customs zone. This o!ers many advantages to businesses, including a package of tax relief capital. — A new 1km quay for o!shore to help drive jobs, investment and growth, and renewable activities. streamlined planning processes and simplified customs procedures. 6 7 TEESWORKS THE LOCATION THE LOCATION Teesworks is located on the banks of the River Tees within the Tees Valley in the North East of England. Our region A rich history and an exciting future The Tees Valley has a population of 700,000, and The area has a rich history of industry and 2.5 million people live within an hour’s drive. innovation, complemented by a highly skilled and readily available workforce. Specialisms Teesworks sits at the heart of the Teesside include manufacturing, engineering, process Freeport, benefitting from strategically chemicals and o!shore industries which will also important businesses, facilities, operations and be enhanced by Teesworks Academy. other industrial assets. Immediately south of the HARTLEPOOL site is the world-renowned Wilton International Formerly the centre of the world’s steel industry, complex, home to some of the biggest chemical today the Tees Valley is home to some of the companies in the world. most forward-thinking experts in low carbon technologies and process chemicals. This The region also o!ers one of the UK’s most includes leading research and technology STOCKTON-ON-TEES integrated industrial economies, with a supply development organisations such as the REDCAR & CLEVELAND chain made up of a wide range of firms. This Centre for Process Innovation (CPI), Materials legacy has nurtured the advanced manufacturing Processing Institute and TWI. sector and attracted some of the most strategically important multi-national companies The region is governed by one of only nine to the area; in fact, around 70% of regional Metro Mayors in the UK — o!ering similar businesses are internationally owned. devolution powers to those in London, Manchester and Liverpool. This has helped DARLINGTON MIDDLESBROUGH empower a £588million investment plan agreed over the next ten years to support a fast-growing 2.5 million people live economy worth £13billion. within a 60-minute drive. Strategically positioned at the heart of the Teesside Freeport. 8 9 TEESWORKS THE REGION THE REGION With a richly diverse landscape, excellent value homes and outstanding educational settings, the Tees Valley o!ers a great standard of living for all. From picturesque villages and charming market key universities, including Teesside, Durham, towns to a dramatic coastline and beautiful Newcastle, York and Leeds. countryside, the region surprises and delights at every turn. Stunning national parks such as the Lake District and the Yorkshire Dales are just an hour Whether it’s country cottages, Victorian houses, and a half’s drive away. Closer to home and modern new builds or executive apartments, visible from most parts of the Tees Valley, the there’s a superb variety of homes to suit all North York Moors o!er rolling hills and sweeping, incomes. The average house price is £142,237, natural beauty. which means people have more money to spend on the finer things, such as the area’s thriving Thanks to convenient road and rail networks, independent shops and eateries. nearby regions are also within easy reach. This includes York, Harrogate and Leeds to Nine out of ten Tees Valley primary schools the south, as well as Durham, Newcastle and are either good or outstanding, with colleges, Edinburgh to the north. apprenticeships and support schemes creating pathways for young people. Alongside excellent, When you bring all this together, fewer places high performing comprehensive schools, Yarm in the UK o!er a better quality of life than the School, Red House School and Teesside High Tees Valley. A place where green countryside, o!er independent education for those aged the blissful coast and the o"ce are all less between 3-18. Within an hour’s drive there’s ten than 30 minutes away. i KEY FACTS — The countryside and the coast — Outstanding schools on your doorstep. and colleges — Average house price: £142,237. — Ten universities within an hour’s drive. Saltburn beach (top), Roseberry Topping (left) and Rockcli!e Hall (right). 10 11 TEESWORKS A GATEWAY TO GLOBAL MARKETS A GATEWAY TO GLOBAL MARKETS Teesworks is the UK’s most well-connected freeport, o!ering immediate connectivity via rail, road, sea and air.