SSI Site

Today (20th February) a major announcement has been made – the Tees Valley Combined Authority has struck a deal to purchase the 840-acre former SSI Redcar Steelworks site.

All land assets will be acquired by the regional authority, and plans for an integrated port facility to be built at Redcar Bulk Terminal and a state-of-the-art electric arc furnace have already already been announced.

The deal has been three years in the making – but finally negotiations have come to a close and all assets will be transferred to the South Tees Development Corporation.

In addition the South Tees Development Corporation has already purchased 1,420 acres from Tata Steel in 2019 – an area almost the size of Gibraltar – and COP’s will be actioned for any remaining smaller plots on the development site.

Tees Valley Mayor Ben Houchen said: “I am delighted that today we have reached an agreement with SSI to take back control of the site of the former Redcar steelworks. Thanks to the agreement we have reached, we can move forward in breathing new life into an area that was devastated following the steelworks’ closure in 2015. With the potential to create more than 20,000 jobs over the next two decades, today really marks the beginning of a new era.”

“I am grateful to the representatives of SSI, and everyone involved in the negotiations, who have worked so hard over recent days to be able to get this over the line. The journey to this point has not always been an easy or straight forward one, but through the hard work, dedication and commitment of all involved I am pleased we have been able to reach an agreement that works for all parties.”

“Those living across Redcar, particularly those in the shadow of the steelworks, the former steelworkers, their families and their communities, will have been waiting for this day to come. I am certain that the deal we have agreed will lead to a brighter and successful future for the area. After years of hard work and negotiations, I can now promise the people of Teesside, Darlington and Hartlepool that we can get on with attracting the huge investment and creating the thousands of jobs that this site has the potential to create.”