Town helps boost local economy

TEES Valley’s economy is on the up – and Hartlepool is leading the resurgence.

Industry experts have revealed the area’s economic trend for July and it shows a slow but steady increase in trade with a series of shot-in-the-arm Hartlepool announcements helping to boost confidence.

The Tees Valley Economic Briefing has been unveiled by Tees Valley Unlimited (TVU), the regeneration group which is leading the area’s drive for a brighter future.

Its study for July shows job gains outweighed losses, the unemployment count went down slightly, and the number of jobs on offer in JobCentre Plus offices across the area had gone up sharply.

TVU bosses praised Hartlepool’s contribution to the trend and highlighted a string of good news announcements, including;

l Contact centre Respondez, in Brenda Road, taking on 15 more workers after winning the latest in a list of new contracts.

l Hartlepool nuclear power station increasing its workforce by 700 people for 70 days while it carries out a £25m maintenance programme.

l The opening of the Hub Two development at the Queens Meadow Business Park by UK Steel Enterprise. The first tenants are already moving in to the new hi-tech business block and have grabbed a third of the 46 offices available.

l Recycling firm J&B winning contracts to supply work for two local authorities.

l Yuill Homes winning a share of a £181m contract to help bring more affordable housing to the region.

Neil Kenley, the director of business investment at Tees Valley Unlimited, said: “The economic briefing gives a snapshot of shifts and changes across the Tees Valley economy. There are several good news stories for Hartlepool and we felt it important to communicate them to further highlight local successes and their contribution to the overall picture for the area.”