25-year plan to create 20,000 new jobs at 'UK's single greatest development opportunity' in Redcar

Around 20,000 new jobs in will be created in Redcar as part of a 25-year plan delivered by the South Tees Development Corporation (STDC).

The draft of the Master Plan, launched Wednesday (18th October), set’s out the STDC’s regeneration goals the former SSI steel plant in Redcar.

The Master Plan consultation will tour Tees Valley with outline diagrams of how the site will be developed.

The board has already decided that the site redevelopment will be dedicated to industrial related employment, and is to be divided into different zones suitable for different types of business and industrial use.

The site will also include a coastal community use zone, which will protect the natural area that bounds the site and the sea at Redcar

Tees Valley Mayor Ben Houchen said: “This is the single greatest development opportunity in the UK right now. The vision of the Development Corporation will see the area completely transformed into a hotbed of new industry with sustained economic growth and prosperity for the region.

“Covering more than 4,500 acres and home to the deepest port on the East coast, it has already attracted significant interest from investors across the globe. The opportunity alone stands to create 20,000 new jobs in skilled sectors with good salaries and is heavily focussed on the area’s key priorities in manufacturing and advanced technologies.

“Whilst this is a 25-year vision, we are all working flat out with investors and I am confident we will be making some very significant announcements in the next year; it’s a very exciting time for our region.”

Sue Jeffrey, leader of Redcar and Cleveland Borough Council and vice chair of the STDC, added: “The overnight closure of SSI in October 2015 was devastating for our local communities.

“We must now look forward and ensure the site is developed to its full potential so that well paid skilled jobs are available for local people. I urge residents and businesses to engage with the consultation exercise and let us know what you think to our plans. This is a huge opportunity for us all.”

Northern Powerhouse Minister Jake Berry commented: “This is a crucial step to stimulate economic growth and regeneration across the Tees Valley.

“The South Tees Development Corporation is a key part of our plans for the Northern Powerhouse, as we seek to attract investment into Teesside and create quality jobs for local people.

“I recently discussed plans to boost the local economy with business leaders in Teesside and the Tees Valley Mayor Ben Houchen. I look forward to working with Ben as we make the most of this opportunity to attract new businesses to the area.”

A series of drop-in sessions to seek feedback from the public on the draft Master Plan will be held across the Tees Valley over the next six weeks.