South Tees Development Corporation

the south tees development corporation is the first mayoral development corporation outside of greater london and represents the biggest industrial regeneration opportunity in the uk today. the development corporation area covers approximately 4,500 acres of land in the borough of redcar and cleveland and includes the site of the former ssi steelworks. it is also home to other major businesses, including pd ports and teesport, british steel, northumbria water, redcar bulk terminal and boc. the development corporation aims to provide 20,000 new skilled jobs to the area and once fully developed will contribute an additional £1billion per annum to the tees valley economy.