Business leaders from around Teesside have responded to the news that £15m of government money directly to local people through the region’s ground-breaking devolution deal.
Northern Powerhouse Minister Andrew Percy made the announced last week – click here to read more – with the first payments from a total of £450m due over the next 30 years.
Here’s how some people from around the Tees business scene reacted to the news…
Jonathan Willett, director at Henderson Insurance Brokers Teesside office:
“This is a welcome boost to the region, which will hopefully lead to further invest throughout the Tees Valley.
“The groundwork was laid with the announcement of the Devolution Deal and this latest injection of funding will be key to improving local services and, crucially, the potential to attract infrastructure projects to the Tees Valley, which could lead to greater economic prosperity and supporting local supply chains and jobs.”
Chris McDonald, CEO of the Materials Processing Institute:
“The Tees Valley Devolution Deal is about developing manufacturing on Teesside and our global potential as leaders in industry and innovation.
“Receiving the first payment towards implementing the region’s long-term ambitions is a momentous occasion, which will underpin the capacity of the area to realise its potential, capitalising on our centuries of expertise.”
Kate Culverhouse, CEO of Groundwork North East & Cumbria:
“You need to have a local answer to a local question, and it is local people who best understand the skills and training demands of the area.
“Correctly targeted investment to address the barriers preventing people from employment and to ensure that young people leaving education are able to gain the skills required to progress is exactly what the area needs.”
Steve Grant, Managing Director of TTE Technical Training Group:
“Creating a skilled workforce is essential to the future economic and social prosperity of Tees Valley and it is positive to see that this new funding will support training for young people.
“This is an excellent vote of confidence in the area and the collective desire between the public and private sector to drive Tees Valley forward.”
Heather O’Driscoll, Managing Director of Tees Valley Chartered Accountants and Business Advisers Waltons Clark Whitehill:
“This is excellent news for businesses in the Tees Valley. Investment in infrastructure and skills is exactly what our area needs if we are to unlock its hidden potential, and increase employment and prosperity.”
Mohammed Bashir, founder of Boro Taxis, one of Tees Valley’s largest private employers:
“Any investment in the region should be welcomed by both the public and business community alike. In a Post-Brexit world, if Tees Valley is to grow and flourish then it is vital that the devolution of economic decisions continues to progress.