Durham Tees Valley Airport disappointed by lack of investment

Durham Tees Valley airport have expressed their "acute disappointment" over their lack of funding from the Regional Growth Fund.

The airport were hoping for a £5.9m grant in support of its Southside development.

“The Airport has now been notified officially that the Regional Growth Fund bid for £5.9m in support of the Southside development was unsuccessful.

"The Directors expressed acute disappointment and will be seeking an explanation for the decision.

The Board also reaffirmed its commitment to pursuing the Southside scheme which is vital to providing sustainable aviation at the Airport.”

– Statement from Durham Tees Valley airport's Board of Directors

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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.