Airport to miss out on government regeneration money

The owners of Durham Tees Valley Airport say they're committed to creating a huge freight operation even though it looks like they've missed out in the latest round of the Regional Growth Fund.

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Durham Tees Valley Airport fails to secure funding

ITV News had learned that Durham Tees Valley Airport has not made the shortlist in the latest round of the Regional Growth Fund. Owners Peel Holdings had hoped to use the government regeneration money to build a freight operation.