The overall aim of Tees Valley Combined Authority (TVCA) is to maximise the amount of investment in Tees Valley, to achieve our economic growth ambitions and build on our strengths making sure we take advantage of any opportunity to create more jobs and success for the area.
Tees Valley is an area of innovation that contributes over £10 billion to the national economy. Tees Valley is a major hub for process industries and advanced manufacturing and benefits from recent major investment in innovative new technologies, such as subsea, biologics and energy from waste.
Tees Valley has many competitive advantages over other areas;
- Cost competitive
- Established supply chain already exporting products and services across the globe
- A skilled workforce supported by leading colleges and universities
- A major port, airport and direct rail routes to key locations
However, the area faces challenges that must be addressed to secure future growth. We need to support our energy intensive industries by finding ways to remain competitive. We must address the issue of lack of access to appropriate finance and support for growing businesses. Tees Valley also needs to address infrastructure constraints and we must deliver jobs for our residents.