Tees Valley council leaders have said that the region’s devolution will be a flagship of successful devolution. It follows a meeting with the communities secretary, Sajid Javid, in which he also guaranteed the replacement of lost EU funds.
Paul Booth, Chair of the area’s LEP, said that
“Tees Valley’s economic strengths can make a major contribution to the UK’s Industrial Strategy, with opportunities to bring forward investable propositions to transform our economy and meet the industrial challenges ahead.
“We will use our devolved powers and resources to strengthen the resilience of the local and the national economy.”
Tees Valley has already received its first £15m investment funding from the Government, and its leaders are keen to show they can put it to good use.