THE Tees Valley has enjoyed its best business boost in a year.
Delighted bosses at regeneration agency Tees Valley Unlimited released a study showing 800 jobs were created in the Tees Valley during April. It was the highest number for more than a year.
On the downside, 190 jobs were lost over the same period - the largest number of jobs lost since October last year.
A TVU spokesman said: “It has been a positive month for job gains and losses. There were several stories of substantial job gains although there were more losses reported than recently.
“However, the gains were much higher than the losses.”
Among the pluses were Hartlepool Council joining forces with the Homes and Communities Agency (HCA) to target privately-owned properties that have been vacant for six months or more.
Five posts were created in a multi-million pound scheme to bring empty properties back into use.
Another boost saw Hartlepool dockland owners PD Ports launching its PD Portcentric Logistics section, which highlights the advantages that logistics operators would have by basing their warehousing in the area.
Bleaker news came from chemical multinational SABIC which said it would be cutting more than 100 jobs, and from biofuels producer Ensus which halted production and the Teesside Power Station which was mothballed.
TVU chiefs put all of the cutbacks down to “current market conditions.”
The report also highlighted the latest quarterly report from the North East Chamber of Commerce, showing a rise in sales and orders across North East firms, especially in manufacturing.
The spokesman added: “With all key indicators showing a positive outlook,they reported slowly rising levels of confidence.”