STOCKTON-on-Tees Borough Council has confirmed the purchase of a 26-hectare site at Durham Lane Industrial Park in Eaglescliffe.
The announcement comes just days after the Invest Stockton-on-Tees campaign was launched to boost business investment in the Borough.
Last year, the council agreed a proposal to secure the land for business and employment use amid interest from housing developers.
The sale has now been finalised with the £2.6million acquisition paid for with money from the Tees Valley Combined Authority’s (TVCA) Indigenous Growth Fund (IGF).
READ MORE: Police appeal after Vauxhall car crashes into child on bike
Work is moving ahead, in partnership with Network Rail and TVCA, to install a new footbridge and accessible ramp to provide connectivity to Eaglescliffe railway station.
Councillor Nigel Cooke, Stockton-on-Tees Borough Council’s Cabinet Member for Regeneration and Housing, said: “This is an important strategic purchase that protects a critical employment site in the Borough.
“It’s a key part of our Local Plan and we now have the power to safeguard and direct its future in line with those objectives.
“Eaglescliffe is already home to huge firms and employers like Tata Global Beverages and Nifco and we’re in a really strong position to attract more businesses, especially with the increased investment from Network Rail to improve the site’s transport links.
“We’ve already had lots of contact from existing businesses, developers and new businesses all keen to work with us to grow the site for employment and we welcome approaches from all interested parties so we can support their ambitions.”
Thomas Hudson, Commercial Director at Returnable Packaging Services (RPS) Limited, a successful existing business at the site, said: “It’s fantastic that the council has secured the land on Durham Lane Industrial Park as it provides another foundation for development.
“There are many exciting projects taking place across the Tees Valley, providing an economic vibrancy in the region that brings the opportunity for more businesses to base themselves in the Borough.
“RPS is proud to be part of this community and we’re looking forward to what the future brings.”
To find out more about the ‘Invest Stockton-on-Tees’ campaign visit www.investstocktonontees.co.uk.
Keep up to date with all the latest news on our website, or follow us on Facebook, Twitter and Instagram.
You can also follow our dedicated Teesside Facebook page for all the latest in the area by clicking here.
For all the top news updates from right across the region straight to your inbox, sign up to our newsletter here.
Have you got a story for us? Contact our newsdesk on newsdesk@nne.co.uk or contact 01325 505054
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel