The overall aim of Tees Valley Combined Authority and the Tees Valley Local Enterprise Partnership is to maximise the amount of investment in Tees Valley.
To achieve this a Strategic Economic Plan (SEP) has been developed. It sets out the steps that are being taken to overcome the barriers to business growth within Tees Valley, placing SMEs, innovation and individuals at the centre of our region’s growth ambitions.
The SEP includes our priorities to improve, diversify and accelerate growth in the local economy to benefit businesses and residents. Our ambition is to create 25,000 jobs and add £2.8bn to the economy by 2026
The aim is to become a high-value, low-carbon, diverse and inclusive economy, and therefore it has been identified that investment will be channelled into six main strategic priorities:
The Tees Valley Local Industrial Strategy was agreed locally in 2019 and sets out an ambitious plan to transform the economic performance of the area. It builds on the distinctiveness of the local economy and centres around our niche offer in relation to clean energy, low carbon and hydrogen.