Since our creation in April 2016 we have supported the creation of over 8,000 new jobs
Devolution is a process that transfers powers and funding from central Government to a local area. It means decisions can be made closer to the people affected, involving them more directly.
In October 2015, the five Tees Valley local authorities and the Tees Valley Local Enterprise Partnership signed a devolution deal with Government. The deal enabled the transfer of specific powers and responsibilities on economic growth from Whitehall to the Tees Valley.
The Tees Valley devolution deal also included additional funding to support our ambitious plans. A 30-year agreement worth more than £450million plus a further £500million to invest in local projects over the next five years has been allocated by Government. This allows us to have greater control over our future destiny and provides us with an important opportunity to make a difference to our area for local people and businesses.
Further documentation can be found by clicking on the below links: