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Home » The Development » What’s Happening
Teesworks will curate a carefully chosen balance of major investors, cutting-edge industry and supply-chain services that stretches out across Tees Valley and anchors the region’s response to the Northern Powerhouse, while driving forward its redevelopment to create jobs, grow the economy and transform the region.
Following a successful Compulsory Purchase Order Inquiry in 2020 the land is now within the control of Teesworks. This is enabling significant investment to be made in site preparation, clearing derelict structures and remediating land to create locations attractive for inward investment. Indeed, the site has already attracted significant interest from investors across the globe without formal marketing.
Already, the world’s largest purpose-built biomass energy plant, the onsite £650million MGT Teesside will provide access to export for the world’s largest polyhalite mine, accessed from a 23-mile tunnel to the Sirius Minerals mine in North Yorkshire.
Other key assets on the site include PD Ports, the UK’s Northern gateway for global shippers, Redcar Bulk Terminal, the deepest port on the East coast and Northumbrian Water, serving industry in the area. The adjacent Wilton International works in tandem with the Development Corporation and is one of the UK’s most important locations for the process industry, offering low-cost utilities.
