Tees Valley councils to learn extent of financial risk from Teeswork scheme

By Paul Marinko | 06 March 2024

The financial risk faced by the five councils within the Tees Valley Combined Authority is set to be laid bare in top legal advice.

A proposed action plan around the Teeswork regeneration scheme reveals that ‘King’s Counsel’ advice will be shared with monitoring officers at Darlington, Redcar & Cleveland, Hartlepool and Stockton-on-Tees BCs and Middlesbrough Council later this month on the financial risks and liabilities they face from the project.

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Finance Regeneration Devolution Combined Authority Mayors