For companies looking to grow and invest the Tees Valley has a great deal to offer. In the last three years alone, companies have invested over £750 million in moving to and expanding their operations in the area.
A rich industrial heritage and ambition to lead emerging sectors across Tees Valley's five boroughs contributes more than £10 billion to the national economy every year.
Identified by Government as a Centre for Offshore Renewable Engineering and home to the UK's largest exporting port, Tees Valley can also lay claim to the world's largest Low Density Polyethylene (LDPE) manufacturing plant, a digital super cluster and one of Europe's largest integrated chemical sites.
With a pioneering Enterprise Zone status described as 'bold and clever' by Westminster, Tees Valley is an area offering immense possibilities for growth and success.
Tees Valley Enterprise Zone, in the North East of England was among the first Enterprise Zones to be approved by the Government and is already making an impact.
Since its launch in April 2012 the Enterprise Zone has successfully attracted 8 projects creating 177 new jobs including US energy company Air Products who have started work on a new Renewable Energy Facility on one of the sites. There are a further 8 potential companies in the pipeline which would create a further 129 new jobs.
The Zone is made up of 12 individual sites with a total area of 423.8 Hectares. The Enterprise Zone encompasses a wide range of sites including a number with existing units (11 office and 6 industrial units currently available, plus 12,500 sq ft of smaller office and workshop units). The sites include both new and established business and enterprise parks, plus large cleared industrial sites with access to utilities, port services and logistics.
On each site businesses are able to benefit from tax relief and simplified planning regimes.
Sectors identified as being key to the future growth of the Tees Valley are the focus of the sites and companies in these sectors will be able to take advantage of the incentives on offer. These sectors have been identified as advanced manufacturing and engineering, chemical, renewable energy and digital.