Tees Valley’s Business Rate Relief sites offer a discount of up to £55,000 per year for five years, totalling £275,000. The Enterprise Zone sites benefit from excellent transport links, simplified planning and broadband connections.
These sites are ideal for small and medium-sized businesses active in local and national supply chains such as process and chemicals, energy and advanced engineering, or the Tees Valley’s emerging and fast growing life sciences, digital and professional services sectors
Darlington’s flagship development comprises a 30-hectare site adjacent to the East Coast main line. It is home to CPI and its £38million National Biologics Manufacturing Centre as well as the proposed new Healthcare Futures Centre. Teesside University’s Darlington campus is also located here alongside Darlington College. Key target sectors include biologics, pharmaceutical research and digital. Central Park’s offer to life sciences companies will be enhanced further when the £22million National Horizons Centre, currently in development, opens in summer 2019.
Middlesbrough’s Historic Quarter is a 21-hectare area near the main train station in Middlesbrough. It will see the creation of a digital media, digital technologies and creative industries quarter in the heart of Middlesbrough with a radical, beautiful combination of refurbished Victorian buildings and stunning new design. It will be a genuine creative hub where new businesses, established successful companies and support agencies work together, collaborate and thrive.
Located in central Stockton and on the banks of the River Tees, Northshore is a 23-hectare site offering investors the opportunity to be a part of a vibrant business quarter that supports the growth of the digital, technological and science industry cluster. Recent investment includes Fusion Hive, a new innovation centre that offers a high-quality environment for digital, science and innovation firms to grow their businesses.
Four Tees Valley sites offer Enhanced Capital Allowances (ECA) to eligible companies. The ECA benefits are on our larger industrial sites to help incentivise investment from companies in the renewable energy, chemicals and advanced manufacturing and engineering sectors.
Companies locating on these sites can apply to receive first-year capital allowance at 100% on qualifying plant and machinery, to a maximum of £100million to offset against corporation tax when the investment is made before March 2020. Tees Valley is one of only a small number of areas across the country that can offer large-scale occupiers enhanced capital allowances on their plant and machinery.
Hartlepool Port Estates
Hartlepool Port Estates is part of the existing operating port in Hartlepool and ideal for renewable energy or advanced engineering companies. It is fully serviced with five quays and a total length of 900m across three berths. The site is already home to major international companies such as Heerema and JDR Cables.
Total space available: 56.9 hectares
New Energy and Technology Park
New Energy and Technology Park is part of the Seal Sands energy and chemicals hub which was recently cleared and levelled. It has B2 planning designation permitting land to be developed for COMAH regulated operations.
In 2018 Dutch business N+P invested £20million at the New Energy and Technology Park, creating a new facility producing alternative fuels. This project involves the processing of non-recyclable paper and plastic waste into a pelletized product, for use as a coal fuel replacement in industrial furnaces.
Total space available: 41.3 hectares
South Bank Wharf
South Bank Wharf is a strategic riverside location on the River Tees with 350m of prime river frontage and benefitting from a minimum 10.5m berthing depth with the ability to dredge.
The site has optimal characteristics for offshore-related activities, including renewable energy and offshore decommissioning-related uses. South Bank Wharf is located next to Teesport, the UK’s largest exporting port, and is close to the integrated chemical site at Wilton International.
Total space available: 80.7 hectares
The Wilton International site extends to over 2,000 acres and is home to major occupiers including Lotte, Sabic, and Huntsman. There are five Enterprise Zone development plots at Wilton International, all located within the fully serviced chemical site where occupiers can assess “plug and play” utilities including power, steam and water. Wilton International has pipeline linkages to the North side of the river Tees enabling access to import and export jetties and storage facilities. It is also adjacent to the Wilton Centre with offices and laboratory facilities to occupiers.
Total space available: 164 hectares
Contact us today to find out why you should invest in Tees Valley