Invested £13m in Supporting Local Business
As the Lead Authority for UKSPF in Tees Valley, Tees Valley Combined Authority allocated £13m for investment in Supporting Local Business from the wider £46.3m UK government’s Shared Prosperity Fund (UKSPF) package awarded to the region between 2022 and 2025.
Read on to find out more about our approach and the impact on the area.

A strategic and evidenced based approach to prioritisation and activity was taken to inform where we should we target our investment.
The UKSPF Evidence Base sets out the challenges and opportunities that informed the prioritisation of funding under the three UKSPF investment priorities, including Supporting Local Business.
The evidence base identified that Tees Valley performs below the national average on business density and the challenges for the region included supporting the creation, scale-up and growth of businesses to redress the imbalance.
However, Tees Valley is an area of significant opportunity, a strong platform on which to build and deliver economic growth and the evidence base identified that although the region is relatively small, we have economic assets of national significance and a number of sectors with high productivity and above national sector productivity rates.
Funding was targeted where it would have the biggest impact in the 3-year delivery period. Our approach was to invest where there were gaps in activity alongside enhancing, adding value and complementing other funding sources, but where it would not duplicate or displace existing provision.
Overview: Tees Valley Net Zero supports the development of Net Zero strategies. It sees support provided every step of the way, with Net Zero Advisors and Technical Specialists on hand with online and in-person Net Zero consultations. Access to information is available 24/7 through a suite of online tools and resources, including access to a new web- based tool that will generate a Carbon Reduction Plan. To support implementing recommendations once their Carbon Reduction Plan is in place, businesses are also eligible to apply for grant support up to £2k to make adopt new processes and technologies.
The programme has:
Examples include:
Overview: Tees Valley Labs is an extensive business support programme designed to enhance business growth and innovation in Tees Valley. Two programmes support entrepreneurs, start-ups, and scale-ups, equipping them with essential resources, mentorship, and grant access. The Stable was a 6-month incubator programme for businesses in early ideation to market traction. Access for up to £28,000 in grant funding was available. The Forge was a 12-week accelerator programme supporting businesses transitioning from revenue generation to major investment. This provided access to a funding pot of £1.5m.
The programme has:
Examples include:
Overview: Tees Valley Supply Chain supports companies to prepare and engage with regional, national and global supply chains, including service and product opportunities. It includes access to an exciting range of sector engagement and networking events, comprising Meet the Buyer and Developer sessions, supply chain villages and surgeries. Dedicated workshops and support from specialist advisors helped to address identified capacity building needs, allowing businesses to target growth within existing or new supply chains. The programme was delivered in collaboration with local and national support networks, sector and trade organisations.
The programme has:
Examples include:
To see our full list of delivery providers from the period, go here.
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