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Airport submits funding bid for major development project

A bid for support from the Government’s Regional Fund programme for a major development programme at Durham Tees Valley Airport has been submitted to the Department for Business, Innovation and Skills.

The proposal submitted by Durham Tees Valley Airport Limited seeks support of £5.9million from the Regional Growth Fund for the provision of highways and services infrastructure which will enable the delivery of a development programme for 150 acres of land south of the airport runway.

The ‘Southside’ project will take around ten years to complete and today Peter Nears, Strategic Planning Director for the Peel Group, stressed that, as well as delivering significant new employment, it would help to safeguard jobs at the airport.

He explained “There is planning consent for aviation-related employment in the Southside area and the proposal we have submitted to the Government would generate around 1,500 new jobs.

“This is a very significant project, not just for the airport, but the area as a whole and we have worked closed with the Tees Valley Unlimited Local Enterprise Partnership in the preparation of the bid. We are very pleased that it has the written support of the LEP and the Homes and Communities Agency, together with Stockton and Darlington Borough Councils. 

“Since becoming the majority shareholder in the airport earlier this year 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 the funding we hope to gain through the Regional Growth Fund will 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 activities, we expect that a key element in the development will be logistics services, given the proximity to the A66 , leading to the A1 and the national motorway network.”