South Tees Development Corporation
 | |
| Formation | 1 August 2017 |
|---|---|
| Type | Development Corporation |
| Headquarters | Teesside Management Offices, Redcar TS10 5QW United Kingdom |
| Coordinates | 54°36′41″N 1°06′55″W / 54.6113°N 1.1152°W |
Official language | English |
Chief Executive Officer | David Allison |
| Website | www |
The South Tees Development Corporation (STDC) is the first mayoral development corporation outside of Greater London, established under the Cities and Local Government Devolution Act 2016. It was created to "promote the economic growth and commercial development of Tees Valley by converting assets in the South Tees area into opportunities for business investment and economic growth".[1]
The jurisdiction comprises approximately 1,800 hectares of land to the south of the River Tees in the Borough of Redcar and Cleveland. The land includes former Teesside Steelworks and other industrial sites and is close to Teesport.[1]
Board members
[edit]There are 16 members; the Tees Valley Mayor, Leader of Redcar and Cleveland Borough Council, and the Mayor of Middlesbrough have statutory posts on the board.[2]
Activities
[edit]The corporation made a Compulsory purchase order for land at the former Redcar Steel Works in April 2019.[3] The £11.5m valuation of the site was contested by the owners Sahaviriya Steel Industries.[4][5]
See also
[edit]References
[edit]- ^ a b "About South Tees Development Corporation". South Tees Development Corporation. 13 April 2018. Retrieved 26 October 2019.
- ^ "Tees Valley Mayor and Board Members". Retrieved 26 October 2019.
- ^ "About South Tees Development Corporation Compulsory Purchase Order". South Tees Development Corporation. Retrieved 26 October 2019.
- ^ Alex Metcalfe (5 April 2019). "Thai banks don't accept valuation of SSI land as details of competing surveys revealed". TeessideLive. Retrieved 26 October 2019.
- ^ Alex Metcalfe (4 April 2019). "Deal to take back control of SSI site unlikely to be completed for another 15 months". TeessideLive. Retrieved 26 October 2019.