Local MP Alex Cunningham has cautiously welcomed the announcement that part of the Tees Valley Enterprise Zone will be based in his constituency.
Belasis Park and the New Energy and Tech Park in Billingham as well as Northshore in Stockton will all be part of the Tees Valley Enterprise Zone.
Alex said:
“I know how hard our local Councils and Tees Valley Unlimited have worked to put together an innovative proposal for Enterprise Zones in different parts of the Tees Valley and I pleased the Government has recognised this excellent scheme for what it is. I hope we succeed across the Tees Valley in exploiting to its full extent what are welcome, if very limited, incentives to create jobs in our area.
“What we need now is even greater direct investment by the Government to create a business friendly environment for major industrial companies like those on Teesside. There is a real desire to create jobs but these companies find life tough up against countries like Germany and France where Governments make more of the opportunities provided by the European community to help them buy at home.”