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Regional Growth Funding

Ten businesses and projects across the region are set to receive a share of half a billion pound as successful applicants in the fourth round of the Government's regional Growth are announced today.

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Durham Tees Valley Airport misses out on cash boost

Durham Tees Valley airport chiefs have said they are "extremely disappointed" at the news that, for a second time, their bid for funding to support a multi-million pound development plan has not been approved.

The airport was hoping for £4.65million from the Government’s Regional Growth Fund to contribute towards the construction of a new access road to land on the south side of the airport.

The airport say there was the potential to create 1,400 new jobs over the next ten years.

"We believe that we made a very strong case for a project which could be of enormous benefit to both the airport and the area as a whole. Clearly in the light of today’s announcement we will need to consider the options now available to us.”

– Peter Nears, Peel Group, Strategic Planning Director

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