Durham to Resubmit Funds Bid

Chiefs at UK-based Durham Tees Valley Airport (DTVA) have confirmed that they will be resubmitting their bid for government support for a major redevelopment project.
A new round of the Regional Growth Fund programme opened on January 17, giving UK businesses the chance to bid for a share of a £350 million (US$561.3m) cash pot.
Earlier this year, the airport submitted a proposal for £5.9 million ($9.5m) from the fund for the provision of highways and service infrastructure, which would enable the development programme for 150 acres (60.7 hectares) of land south of the runway.
Although the initial bid was unsuccessful, the airport believes that with strong support from the area’s local authorities, the Tees Valley Unlimited Local Enterprise Partnership and local MPs, it should be a strong contender for the next round of the fund.
Chairman Robert Hough commented:  “The Government has stressed the important role for Local Enterprise Partnerships and we look forward to working with Tees Valley Unlimited and our local authorities in examining how we can ensure that the Southside development is seen as an important element in the overall strategic plans for the area.
“It is vital for the future of Durham Tees Valley that we develop the full potential of the whole site and funding through the Regional Growth Fund would enable us to provide a link between the existing airport activities on the north side of the runway and the new employment land to the south.
He continued:  “Whilst there are a wide range of possibilities for attracting businesses related to aviation support activities, we expect that a likely key element in the development would be logistics services.”
 
(Image: DTVA)