The region remains an attractive spot for investors from outside the area looking to invest in key growth areas . the region .
FEATURE
Real estate experience – Adam Heather .
The region remains an attractive spot for investors from outside the area looking to invest in key growth areas . the region .
“ Tees Valley is an area which is uniquely positioned to tap into a range of these new opportunities – including the push for a further focus on energy transition and development thanks in no small part to a booming economy built off a strong freeport in Teesside – and the desire to increase housing stock which could help keep our best and brightest living and working in the area .
“ By working collaboratively with partners at both a public and private sector level and providing legal expertise across a wide range of business areas , we are keen to help deliver the projects which will make a huge positive impact on our region for years to come .”
WBD has provided legal support on a number of key economic projects for the area , including the Teesworks site and Teesside International Airport .
The firm has extensive experience supporting clients of all sizes scale up operations within the area , most notably supporting SeAH Wind on a deal to supply turbines for the Hornsea 3 wind farm out of its factory in Teesside – generating jobs and investment in a key growth area for Tees Valley .
And with a new Labour government setting benchmarks for energy transition and house-building , Tees Valley is uniquely poised to keep its foot on the pedal of regional growth .
Adam said : “ A new government looking to grow housing and investment in renewable energy means Tees Valley is already ahead of the curve , but going forward , authorities and property developers need to be in alignment , with a deep knowledge of the local area and its unique opportunities to help ensure that the projects are brought to fruition . “ The region remains an attractive spot for investors from outside the area looking to invest in key growth areas outlined by the government , which is why is it vital to continue collaboration , from public bodies like the TVCA to private organisations like ourselves , as we can continue highlighting why Tees Valley is a strong location to invest in .” With public bodies like the TCVA providing oversight to councils in the region and helping keep decisionmaking closer to home , both the TVCA and the individual councils that fall under it will be able to refine the agenda and support investment where it is needed the most .
This is already starting to take shape throughout the transition phase from the previous government , with a plethora of exiting projects in the pipeline highlighting the ambition to keep the Tees Valley economy , and investment in it , growing .
Earlier this year , almost £ 20m from the Levelling Up Fund was awarded to Redcar and Cleveland Borough Council for regeneration and housing needs , including the support of the scheme to build 800 homes in Coulby Newham and the regeneration of Guisborough town centre .
Elsewhere , a transformational development in Hartlepool for 650 homes alongside retail , medical and leisure facilities continues to progress – a strong sign that regeneration is high up on the agenda .
Womble Bond Dickinson acts as a key partner for businesses and organisations working to manage and deliver highquality projects in the Tees Valley , sharing local expertise , cross-sector knowledge , connections and contacts , with a unique blend of city quality and national and international expertise that is unrivalled in the region .
Working alongside Teesside ’ s key operators and providers with a first-hand knowledge of its needs , the firm has decades of experience providing local legal expertise .
The voice of business in the Tees region | 109