Teesport operator PD Ports has outlined plans to create tens of thousands of jobs over the next 30 years.
The company’s says it wants to make the Tees one the UK’s most successful port regions by 2050, and has published its Future Teesport plan after a year of consultation with businesses and other groups on Teesside.
The plan aims to increase trade, boost exports and investment, create high-quality jobs, and put the Tees Valley at the heart of moves to deliver a zero-carbon economy in the UK.
PD Ports is aiming to create as many as 38,000 jobs between now and 2050.
The company’s CEO Frans Calje said: “Few regions have confronted challenges like those the Tees Valley has faced, but our resilience and strength is driving our transformation.
“Our vision for the future of Teesport further demonstrates our ongoing commitment to driving sustained economic growth and prosperity across not just our region, but the entire North and the rest of the UK.
“We have world-class infrastructure and facilities along the River Tees with unparalleled connectivity and over 5,000 acres of strategic development land. As part of the only continuous net exporting region of goods in the UK, Teesport is the only major port in England to have a positive balance of trade.
“This presents a significant advantage and reinforces our role as a national asset to rebalancing the UK economy. The opportunities are hugely exciting.
“Collaboration is the key to driving this vision forward. We will continue working with our valued partners and stakeholders to build on our existing success and strengths – enhancing our global competitiveness.”
Together with its customers, Teesport contributes around £1.4bn to the economy each year, accounting for around 10% of GVA in the Tees Valley and supporting more than 20,000 jobs.
It is hoped that the development plans can add an extra £3.2bn to the economy whilst helping to create up to 38,000 new jobs.
The plan has been backed by Maritime Minister Robert Courts, who said: “Teesport is one of the country’s leading gateways for international trade and a major contributor to the local economy now and in the future.
“I welcome this ambitious plan which will boost local jobs, building on the region’s capabilities as a manufacturing and exporting powerhouse, and I look forward to working with PD Ports as we level-up our economy and embrace our exciting future as a global trading nation.”
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