Published: 9th Oct 2020

The redevelopment of the former SSI Steelworks in Redcar has moved a step closer to reality with the news that the government has sold its share of the site. The government announced today (9 October) that the entire site is now under the full control of the local mayoral development corporation. The steelworks went into liquidation in 2015 and the site had been managed by the government since 2016, working on behalf of the Official Receiver. The South Tees Development Corporation (STDC) now plans to create more than 20,000 jobs with a new business park on the wider 4,500 acre site, and fulfil the Tees Valley’s vision to establish the area as a trailblazer in clean energy, low carbon and hydrogen technologies. ‘The former home of the Redcar steelworks is steeped in industrial history and, working hand in hand with the Tees Valley Mayor and the South Tees Development Corporation, … (To read the full article, subscribe below)