Tees Valley bids for big money

Pic by Edward  Moss'Wolverhampton Development Company
Pic by Edward Moss'Wolverhampton Development Company

HARTLEPOOL and the Tees Valley have emerged as one of the biggest bidders for funds from a new pot of cash.

Figures just released by the Government show there were 27 bids from the Tees Valley under the first round of the Regional Growth Fund.

Only four other areas topped that total and, in all, there were 69 from the region.

The Tees Valley projects, as revealed last month by the Mail, are asking for almost £80m of support.

Nine of the bids are from companies in the private sector who collectively have plans to invest over £820m within the next three years, creating 1,650 new jobs and safeguarding a further 850 posts.

Others cover areas including housing, transport and mixed-use regeneration.

Stephen Catchpole, managing director of Tees Valley Unlimited, which put forward the bids, said: “We worked closely with our public and private sector partners to identify those bids suitable for round one so the fact so many have been put forward is testament to the quality of the plans and projects proposed and the ambitions of this area.

“They have enormous potential to create significant jobs and investment for Tees Valley so we’re hopeful the Government’s decision-making panel will look favourably upon them.

“I’m also encouraged that there have been a number of collaborative bids by the public and private sector. Joint working is one of our main priorities and something we see as vital to the growth of this area’s economy.

“With an announcement on the successful bids due in the spring, we are now turning our attention to once again working with our public and private sector partners to prepare some equally exciting bids for future rounds.”