Industrial town in Yorkshire, England lands £700 million in regenerative investments

Middlesbrough is a large industrial town on the south bank of the River Tees in the north of Yorkshire, England. It was founded in 1830, and has a population of about 139,000.

As with so many old industrial communities, Middlesbrough has suffered in recent decades. But on March 13, 2017, revitalization plans to create 5,000 new jobs through regeneration investments worth up to £700 million have been revealed.

A strategy that would transform the landscape of Middlesbrough in a series of multi-million pound developments has been drawn up to be formally launched by the town’s council and elected mayor.

The plan includes a £30 million snow centre, a 450-bed student village linked to Teesside University, and a Media and Innovation Village.

Private and public sector investments will also redevelop over 140 acres of land into 1.7 million sq ft of new business and town centre offices.

Mayor Dave Budd said: “Middlesbrough has embarked on an important new era which will draw on its rich heritage and drive it forward as a beacon of 21st Century ambition and prosperity.

Photo credit: Petegal-half via Wikipedia.

See full article by Charlotte Bowe in The Northern Echo.

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