New Mayoral Development Corporations Open For Business
Two new schemes to supercharge Hartlepool and Middlesbrough are now up and running , ready to reshape the towns and make them an even better place to invest and live .
I first announced the Hartlepool Development Corporation and Middlesbrough Development Corporation last year , and these came into effect this February . The zones will transform the towns by stimulating private sector investment and growth into the local economy , cutting red tape and creating strategic partnerships to unlock investment opportunities .
They will work alongside and complement other developments across the region such as the Teesside Freeport and Teesworks while capitalising on assets and sites in those areas – such as Teesside University , The Northern School of Art , Middlehaven and Oakesway and Queens Meadow .
They will draw these together ever more closely and make the centres – and by extension the whole of Tees Valley – more than the sum of their parts .
The Development Corporations will be overseen by independent boards made up of a diverse membership , including representatives from the public and private sector , responsible for helping it reach its goals .
Middlesbrough Football Club , Union Village , at Gresham and the area behind Sainsbury ’ s between the A66 and North Road are also included within the zone ’ s boundaries .
Meanwhile , Hartlepool ’ s Corporation will encompass Oakesway Business Park , retail and leisure land – including Mill House Leisure Centre and Middleton Grange Shopping Centre , with public realm and civic buildings .
We have already committed £ 10million each to the towns to kick-start these exciting regeneration plans .
The masterplans for Hartlepool and Middlesbrough are due to be revealed in the coming weeks , along with further information of how members of the business community can get involved with these exciting developments – so watch this space .
Ben Houchen Tees Valley Mayor
Middlesbrough ’ s Corporation will focus on the town centre , Middlehaven and the Zetland Historic Quarter to tie them together more closely . It will also include crucial assets such as the Boho zone , Middlesbrough Station , the Northern School of Art , Centre Square , Teesside University and much more .
info @ teesvalley-ca . gov . uk teesvalley-ca . gov . uk
The voice of business in the Tees region | 67