£1.4m fund launched to support Tees Valley business collaborations

A new £1.4m fund has been launched to support Tees Valley businesses with collaborative projects.

Tees Valley Mayor Ben Houchen has officially unveiled the Collaborative Networks Programme, which will offer grants to businesses throughout the region.

Over a three year period, the programme will provide funding for micro-enterprises and SMEs looking to collaborate with universities, large companies and public bodies on projects to bring new products and processes to market, improve productivity, create new jobs, reduce carbon and grow Tees Valley’s economy.

Tees Valley Mayor Ben Houchen commented: “Our industries in the Tees Valley and the good jobs many people have today come from innovations and inventions made right here, in chemicals, materials and other technologies.

“We’re putting our money where our mouth is and investing in our innovators and jobs creators to make them even more effective.

“This fund is an investment in getting local firms closer to the ideas and products that will grow our economy and create the jobs of the future.”

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