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Tees Valley enterprise zone 'could create 30,000 jobs'

Published: Thursday, 02 June 2011   Category: All Graduate job news

A prospective enterprise zone in Tees Valley could lead to the creation of up to 30,000 jobs in the area, a number that would almost definitely include some graduate opportunities.

Tees Valley Local Enterprise Partnership (LEP) have drawn up plans for increased business activity in eight sites, according to the Northern Echo.

Subject to consultation with the council and local business leaders, the areas of regeneration include sites in Darlington, Middlesbrough, Stockton, Billingham, Redcar, Cleveland and Hartlepool.

Some of the industries that will receive a boost are the growing sectors of renewable energy and biotechnology.

Stephen Catchpole, the managing director of Tees Valley Unlimited, the partnership behind the plans, told the news provider that the enterprise zone was different to others which tend to be "a simple red line drawn around one distinct area".

"These eight sites across Tees Valley are joined by the common purpose of driving forward our economic ambitions," he said.

The idea of enterprise zones was brought up in this year's Budget, with chancellor of the exchequer George Osborne offering tax breaks and reduced planning restrictions for such areas.

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