Go-ahead given for Teesside Airport business park

A £23.6M investment by the Tees Valley Mayor and Combined Authority that will kick-start development of 270 acres of land at Teesside International Airport and unlock £200M in private sector investment has been given the green light.

The funding will be used to develop critical infrastructure, including connecting the site to the main utilities and provide access to the south side of the airport from the A67.

Once in place, the inward investment will be provided over the next ten years and see 315,000m² of logistic, manufacturing and commercial space built at the airport through a joint venture partnership with a private sector developer, that could create 4,400 jobs.

Tees Valley Mayor Ben Houchen said: “Ever since I brought the airport back into public ownership and saved it from closure, I’ve made clear that the future of our airport and its success, goes way beyond just securing more flights.

“It means working in the interests of the businesses in the region, and those elsewhere looking to relocate here. This is vital to growing our economy and creating the good quality, well-paid jobs we all want to see come to our region for hard-working local people.”

Cllr Mary Lanigan, Combined Authority Cabinet Lead for Inward Investment, said: “We have a massive opportunity right on the airport’s doorstep to develop a top-quality business park that will draw inward investment into Tees Valley. We have been looking at every way we can to maximise the benefits from our airport and this is the next step on its road to success.”