Tees Valley is already a powerhouse in the advanced manufacturing, engineering, offshore, chemical and new energy sectors and is an established and enterprising business location for digital, creative, biosciences and professional services providers. It is also the leading location for renewable and low carbon technologies
Teesworks is the UK’s largest and most connected industrial zone, home to diverse, sustainable and low-carbon activity. Offering immediate connectivity to Teesport, the North Sea and global markets, this multi-sector setting brings together global leaders and innovative pioneers to power Britain’s carbon capture capital.
It is a 4,500-acre area of prime land south of the River Tees and represents an international-scale opportunity for investors looking for large areas of land with access to national and global markets. It is at the heart of the Teesside Freeport, offering tax and customs benefits to investors.
The site benefits from river, road and rail access, including the major port facilities of Teesport and Redcar Bulk Terminal and some of the best deep-water ports on the east coast of England.
Recent investments include GE Renewables’ multimillion-pound state-of-the-art wind turbine blade manufacturing factory and Net Zero Teesside, the multimillion-pound carbon capture, utilisation and storage project, led by BP that will deliver UK’s first decarbonised industrial cluster.
The Teesside Freeport
Announced in March 2021, the Teesside Freeport will be the biggest Freeport in the UK. Covering 4,500 acres it offers many advantages to businesses looking to invest here, including a package of tax relief to help drives jobs, investment and growth, streamlined planning processes and simplified customs procedures.
Already the world’s biggest offshore wind manufacturer, GE Renewables, has confirmed it will build its new multimillion-pound state-of-the-art wind turbine blade manufacturing factory on the Teesworks site, right in the heart of the Freeport.
Internationally recognised as the place for energy companies, the world’s largest biomass power plant is under construction here, a £650million investment by British firm MGT.
With the greater need for decarbonisation across industry, Tees Valley is paving the way for major international companies seeking to reduce carbon emissions. Our existing and planned infrastructure places us at the centre of the decarbonisation of the economy and the go-to location for green energy schemes, including initiatives such as Carbon Capture, Utilisation and Storage, district heating and the hydrogen network.
Our vibrant digital sector clusters at the flagship Boho development, one of the most vibrant digital hubs in the UK. With an international reputation through Teesside University’s expertise, Tees Valley has developed a vibrant, successful and self-sustaining digital media, technology and creative cluster.
Professional Business Services is a priority sector for Tees Valley, and with a number of high-quality, Grade A offices with superfast broadband at a fraction of the cost of most other UK cities, investors can be confident they’re getting fully-equipped and professional facilities in prime, easy-to-reach locations.
We’re proud of our historical impact across the globe – from celebrated explorers and introducing the first passenger railway to providing the steel that build the modern world. That legacy lives on today in the area’s rail and engineering industries, our deep-sea port and advanced manufacturing heart.
Tees Valley is a place of beautiful contrasts, where the industrial skyline impressively frames rolling green landscapes and beautiful coastlines. The boroughs of Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees, each with unique strengths, come together to make one exceptional destination in which to invest, live, work and visit.
You can find out more about why you should invest in Tees Valley by clicking here