Its great to read that more than £140m has now been set aside for skills and job creation on Teesside.
Tees Valley Unlimited, one of the most active LEPs in the UK, will be handed control of substantial European funds (ERDF) ensuring that monies will boost jobs, skills and ultimately growth in our region. This major shift in policy and power means that there will be more local spending with funding being agreed at a local level.
We welcome the fact that Tees Valley Unlimited will play a key role in allocating this funding and we join Local Growth Minister, James Wharton – Conservative MP for Stockton South – in celebrating this major shift in policy and power ensuring a more local spending base. Its great to read that one of the main priorities of ERDF is to support small and medium sized businesses.
James Wharton, said the switch would lead to “more localised spending” with funding “locally-led from the start”.
He said: “We want local partners to come forward with how they want to use this money to drive forward the economy in the Tees Valley.
James continued, “As part of our long-term economic plan this money will provide a big boost to businesses and help create numerous jobs locally that will also benefit people living in towns and villages nearby. This funding will give the area a chance to contribute more to the national economy and unlock local potential.”
The new programme is built from the local priorities of England’s 39 Local Enterprise Partnerships (LEPs), including Tees Valley Unlimited, which Government says “know best what is needed to boost growth locally”. All funding decisions will be taken within this framework.
We welcome this fantastic fund that will be managed by Tees Valley Unlimited and we look forward to meeting many of the businesses that need office space in Darlington that have been funded to stimulate growth in our local economy.
For more information on our business space available at Lingfield Point, please contact one of our leasing agents,
Additional reporting and original article, published in Middlesbrough Evening Gazette : http://www.gazettelive.co.uk/news/teesside-news/tees-regeneration-chiefs-handed-control-9797661