Plans unveiled this week will put Middlesbrough and the Tees Valley at the forefront of advanced manufacturing in the UK.
The £22.46m Tees Advanced Manufacturing Park (TAMP) is aimed at high productivity cutting edge manufacturing companies looking for a prime location in a key regeneration area.
Middlesbrough Council’s Executive is expected to give the green light to the project at a meeting later this month, and work on the first phase of TAMP will start early in the new year. It will create 180,000 sq ft of high quality accommodation across ten buildings with the potential of up to 1,000 new jobs.
The plans were first put forward in 2013 to create significant research and development opportunities for small to medium sized enterprises (SMEs) in Middlesbrough and the wider Tees Valley.
TAMP - located on the historic South West Ironmasters site less than a mile from Middlesbrough city centre – is an 11-hectare site within the Tees Valley Enterprise Zone.
The site is already home to TWI’s £10.8m base, now home to the UK’s first Offshore Wind Validation Centre delivering research and validation services for offshore wind tower manufacturers, as well as for the oil and gas, subsea and other industrial sectors.
Under the latest proposals Middlesbrough Council will put nearly £12.5m towards the total cost, supported by proposed investment from Tees Valley Combined Authority of £7,650,000 towards infrastructure and remediation. A bid for further funding of £2.3m has also been made to the SSI Taskforce.
The investment will deliver an industry-leading technical cluster of manufacturing businesses in a modern, landscaped lay-out, with the possibility of a second phase delivering a further 80,000sq ft of premium accommodation.
Geoff Hogg, managing director of site owners Cleveland Property Investments, said: “This is a hugely exciting opportunity that has the potential to raise Middlesbrough’s profile in this up and coming sector.
“We know from the success of TWI that we have exactly what the industry needs, and I’m confident TAMP will be a location of regional and national importance.
“This development will benefit not just Middlesbrough, but the whole of the Tees Valley.
“There has already been substantial investment interest from companies looking to locate to this site, and that’s before we’ve even started marketing.”
Middlesbrough Deputy Mayor and Executive Member for City Centre Strategy Councillor Charlie Rooney said: “TAMP is just the latest evidence of the ambition we have for Middlesbrough, and our confidence that high-tech businesses are ready and willing to invest in the town.
“We have already shown that we can deliver jobs and investment in partnership with the private sector, and this is yet another example of that forward-thinking approach.”