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Teesworks is the UK’s largest freeport, unrivalled in its size, scale and opportunity compared with not just anywhere in the UK, but across Europe.
Led by a joint venture private sector partnership with a strong alignment with regional and national Government, the site’s 25-year vision is to become a world-class industrial site heavily focused on clean energy and advanced manufacturing.
One of the UK’s largest, most concentrated demolition programmes has seen no fewer than 38 structures relating to the former Redcar Steelworks brought down to help breathe new life into approximately 4,500 acres of land to the south of the River Tees.
4.5million sq ft of state-of-the-art manufacturing space for offshore wind that could create 4,000 jobs.
New 1km quay will be constructed complemented by 500 acres for manufacturing, storage and handling facilities.
This accelerated demolition programme means that remediation and repurposing of the land for international investment and redevelopment has begun years ahead of schedule. Experienced property developers JC Musgrave Capital Ltd and Northern Land Management now make up Teesworks Ltd, the joint venture which is now driving the project forward, working alongside the South Tees Development Corporation.
Huge projects that will create thousands of jobs have already been announced. This includes 4.5 million sq ft of state-of-the-art manufacturing space for offshore wind that could create over 4,000 new direct jobs. An all-new new offshore wind heavy lift quay is under construction at South Bank, supported by a £113m Government loan and work is now under way on SeAH Wind Ltd’s mammoth £450million offshore wind monopile production facility, paving the way for Teesworks to become the UK’s premier location for offshore wind.
This will be just a stone’s throw away from Net Zero Teesside. This major initiative, led by bp and Equinor, aims to lead the way in decarbonising the UK’s economy by using Carbon Capture, Utilisation and Storage (CCUS). The scheme could capture and store up to 10 million tonnes of CO2 each year which is the equivalent to the annual energy use of more than three million homes.
Other key assets on the site include PD Ports, the UK’s Northern gateway for global shippers, Redcar Bulk Terminal, the deepest port on the East coast of England and Northumbrian Water’s treatment facility.
Nearby, Wilton International works in tandem and is one of the UK’s most important locations for the process industry, offering low-cost utilities. To top it all off, the site sits at the heart of the Teesside Freeport – the UK’s largest and first operational Freeport – meaning Teesworks is primely positioned for businesses to benefit from generous tax reliefs and simpler, more convenient planning and customs procedures.
And crucially, it is skilled, dedicated, passionate local people who are undertaking the redevelopment work to get it ready for investment. The hundreds of jobs we are creating and the investment we are bringing in will help us change the skyline of Teesside forever, and now we’re embarking on our second phase to invest in the remediation of the land to do just that.
This is a site with a proud history and one which has touched the lives of so many people, but it also has an exciting future and together we can make it a site that everyone in Teesside can be proud of again.
Chris Musgrave OBE Martin Corney
Chair of Teesworks Ltd CEO of Teesworks Ltd
Redcar Gate, Trunk Road, Redcar, TS10 5QW