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Durham Tees Valley Airport chiefs have confirmed that they will be resubmitting their bid for Government support for a major development project which would deliver a major jobs boost as well as helping to safeguard the future of air operations.
Airport Chairman Robert Hough has welcomed today’s confirmation that a new round of the Regional Growth Fund programme is opening today with the chance for business across the country to bid for a share of a £350million cash pot.
Earlier this year the airport submitted a proposal for £5,9million from the Regional Growth Fund for the provision of highways and services infrastructure which would enable the delivery of a development programme for 150 acres of land south of the airport runway.
Although the initial bid was not successful the airport believes that, with strong support from the area’s local authorities, the Tees Valley Unlimited Local Enterprise Partnership and local MPs, it should be a strong contender for the next round of the Fund.
Said Robert Hough “We are obviously very pleased that the Government has decided to open a further round of the Regional Growth Fund and we hope it will give us the opportunity to progresswith our plans for the development of the Southside project at the airport and to re-emphasise its significance to support aviation and job creation in the area.
“When the Chancellor announced in his Autumn Statement that the Government would be going ahead with a further round of the Regional Growth Fund we did make clear that we would be resubmitting the bid for the infrastructure works needed for the development of the Southside project.
“The Government has stressed the important role for Local Enterprise Partnerships and we look forward to working with Tees Valley Unlimited and our local authorities in examining how we can ensure that the Southside development is seen as an important element in the overall strategic plans for the area.
“Since becoming the majority shareholder in the airport a year ago we have made clear that it is vital for the future of Durham Tees Valley that we develop the full potential of the whole site and funding through the Regional Growth Fund would enable us to provide a link between the existing airport activities on the north side of the runway and the new employment land to the south.
“Whilst there are a wide range of possibilities for attracting businesses related to aviation support activities, we expect that a likely key element in the development would be logistics services, given the proximity to the A66 leading to the A1 and the national motorway network.”