Background and deal
The Tees Valley has been at the
heart of the cultural, economic
and geopolitical history of the
North East over the past two
hundred years. Its impact remains constant: to this day the region
offers around 279,400 jobs and an economic output of £13.1billion
per annum (Source, Tees Valley Economic Assessment, 2018).
Though the area has challenges that any effective devolution
settlement for the region needs to address, there remains much to
be optimistic about. As I noted in my 2016 report on the Tees Valley
area, Opportunity Unlimited:
“The UK as a whole has a major challenge to move from yesterday’s
industry into tomorrow’s world, and the Tees Valley has made
significant progress on that journey.”
The Tees Valley region was (bar Darlington) from 1974 onwards,
part of the non-metropolitan county of Cleveland. Though this was
abolished in 1996, the five unitary authorities agreed to coordinate
strategic planning, economic growth and strategic plans for inward
investment creating the area known collectively as the Tees Valley.
To this day, a number of
residual Cleveland institutions
have remained, most notably
Cleveland Police and Cleveland
Proposals for a Combined
Authority first came about in
2009 and in 2011 the five
unitary authorities pooled their
Tees Valley Combined Authority
Middlesbrough, Redcar and
Cleveland and Stockton-on-Tees.
l The Tees Valley employment rate
for the 12 months to June 2018 was
68.4 per cent, compared to a UK
rate of 74.9 per cent.
l Since the Strategic Economic
Plan in 2016, the Tees Valley
has gained an additional 130
businesses, to 17,230 in 2018,
including 17,150 SMEs.
Source: 2018 Tees Valley Economic