LEGAL EAGLE: Budget has the potential to make waves for many years

The ramifications and opportunities arising from the eagerly anticipated budget from Rishi Sunak have the potential to make waves in the Tees Valley for years to come as we seek to recover from the Covid-19 crisis.

Tuesday, 6th April 2021, 12:00 am
The Chancellor of the Exchequer Rishi Sunak.

With the announcement of Teesside as one of the new Freeport locations and the establishment of the “government economic campus” at Darlington there is genuine hope, not only in respect of these two large scale initiatives but also in respect of the trickle-down economics and opportunities they will generate. Already the speculation around the creation of new jobs has been confirmed with GE Renewables Energy’s announcement in recent days and surely more will follow.

The region is very much on the up, spurred by the efforts of Tees Valley Mayor, Ben Houchen, and the Tees Valley Combined Authority and driven by the region’s entrepreneurial businesses and established professional service firms.

Partner in the Commercial Law Team of Tilly Bailey & Irvine Solicitors - based at Wynyard Park - Craig Malarkey said, “Tilly Bailey & Irvine is approaching its 180th year in business, with a history built on servicing traditional north-eastern industries of coal, shipping and steel we have seen the landscape change over the years, and are now uniquely placed to advise the new businesses and industries, and the owners and directors behind them, which will flourish following the exciting opportunities created by the Chancellor’s announcement.”

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TBI also continues to support the region’s established technology sector, with its team of expert commercial solicitors, including via its TBI Catalyst Programme, designed for innovative entrepreneurs that are looking to start-up or scale-up their business. With offices across the heart of the Tees Valley, providing advice on corporate transactions, company law and structures, commercial disputes, employment and commercial property, and services for individuals, including wills and trusts and family matters, TBI continues to be the firm for people in business.

“The current outlook for the Tees Valley is probably as positive and strong as it has ever been during my 17 years working here”, adds Craig. “We continue to invest in our facilities and our people and are excited at the new opportunities we can foresee to support clients in their legal matters. I see huge potential in the region and take great pride at our place in it as the Tees Valley renaissance continues.”

Contact TBI Solicitors in Teesside for commercial legal advice on 0333 444 4422 or visit