Durham Tees airport refused growth fund
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Bosses at Durham Tees Valley Airport have voiced their “extreme disappointment” after being turned down for money from the Regional Growth Fund.
The north UK airport was looking to gain GBP4.65 million from the Government as part of a GBP46.5m investment that will see a new access road built. This is the second time the airport has been refused money from the Regional Growth Fund.
“This is an extremely disappointing announcement, especially given that we felt we had taken on board the issues raised in relation to our initial bid last year, underlining the plans developed in partnership with SERCO which would see them constructing a new purpose-built headquarters on the Southside, adjacent to the existing fire training ground and highlighting the major opportunities to attract a wide range of aviation-related businesses, such as Sycamore Aviation,” explained Peter Nears, strategic planning director at the Peel Group.
“The Southside can make a major contribution to driving forward the economic growth of the region, especially in sectors such as export-led advanced manufacturing and logistics but delivery of the project is dependent on the new road and services infrastructure,” he added.
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