Tees Valley

Coordinates: 54°36′18″N 1°15′25″W / 54.605°N 1.257°W

Map of the five boroughs of the Tees Valley within England

The Tees Valley is an urbanised city region in the North East of England nestled between North Yorkshire and County Durham and consisting of the following five unitary authorities: Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees.

The Tees Valley area covers the lower, flatter (and much more urban) area of the valley of the River Tees. Tees Valley Enterprise Zone is an enterprise zone which encourages industrial development in 12 sites around the region, with a thirteenth site planned.

The five Tees Valley councils have recently announced plans to establish a combined authority after a majority of the public voted for the move. Sixty five per cent of more than 1,900 responses received during a seven-week long public consultation were in favour of a combined authority.


Economy

This is a chart of trend of regional gross value added of Tees Valley at current basic prices published (pp.240–253) by Office for National Statistics with figures in millions of British Pounds Sterling.

Year Regional gross value added Agriculture Industry Services
1995 6,347 26 2,746 3,574
2000 7,362 23 2,716 4,622
2003 8,069 22 2,568 5,478
  1. ^ includes hunting and forestry
  2. ^ includes energy and construction
  3. ^ includes Financial Intermediation Services Indirectly Measured
  4. ^ Components may not sum to totals due to rounding

Enterprise zone

Tees Valley Enterprise Zone was initiated by the local enterprise partnership Tees Valley Unlimited and its creation was announced by the government in 2011. At its launch, the zone contained 12 sites. Four of these sites offer enhanced capital allowances, aimed at large manufacturers. These sites are Wilton International and South Bank Wharf, both in Redcar and Cleveland, Port Estates in Hartlepool and New Energy and Technology Park in Billingham, Stockton-on-Tees. The remaining sites offer reduced business rates.[1] In March 2015 the government announced that a thirteenth site is to be added, South Bank Wharf Prairie, aimed at oil and gas decommissioning business.[2]

References

  1. ↑ "Teesside celebrates as enterprise zone approved". The Journal. 17 August 2011. Retrieved 15 March 2015.
  2. ↑ Price, Kelley (18 March 2015). "Potential for 'many hundreds' of jobs at new Teesside enterprise zone". The Gazette. Retrieved 23 March 2015.

External links

Media