Economic plan ‘well on track’

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A BUSINESS plan to develop the Tees Valley economy is well on the way to being delivered.

That’s the view of bosses at Tees Valley Unlimited (TVU), which is the regeneration agency tasked with bringing success to the area.

They say they are on target to “create an environment that encourages sustainable economic growth and long-term prosperity by tackling barriers to growth and developing key assets while driving the transition to a high value, low carbon economy”.

TVU, along with local authorities such as Hartlepool Borough Council, are battling to bring growth to the area through measures including the enterprise zones and the Regional Development Fund.

TVU’s chairman of the leadership board, Sandy Anderson, said: “The challenges that the sub-region have faced have been difficult, but through the efforts of all our partners in the private, public and voluntary sectors, I think we can look back over the last six months with satisfaction and forward to the next six months with optimism.”

The agency’s managing director Stephen Catchpole praised the support of the local authorities working with TVU and said their “collective working has been the bedrock of our success.”

Successes have included setting up the enterprise zones in the last year with the first firms already arriving in Hartlepool.

Tees Valley also clinched millions of pounds of investment through the Regional Growth Fund announced last week.