Middlesbrough Development Corporation
Middlesbrough Development Corporation is a publicly-owned mayoral [development corporation] created to fund, manage, and accelerate regeneration in Middlesbrough town centre and Middlehaven, England.
It was established on 27 February 2023 by statutory instrument 2023/103, and is a part of Tees Valley Combined Authority, with board comprising elected and private-sector members.
History
The establishment was first proposed in August 2022 by the Tees Valley Combined Authority as a publicly owned statutory body with increased powers. Initially, the corporation was planned to be in operation by the end of 2022.The proposals included £10 million of investment from the Tees Valley Combined Authority, as well as £8 million from the Department for Levelling Up, Housing and Communities to transform the area of Gresham. Following the consultation, a shadow board for the corporation was established comprising elected and private-sector members from:
- Tees Valley Combined Authority
- Middlesbrough Council
- Cleveland Police
- Teesside University
- and a member of a local non-profit youth organisation
- Middlehaven – including brownfield sites, Middlesbrough Dock, and surrounding land of around 40 acres
- Middlesbrough bus station
- The Crown and neighbouring units
- Broadcasting House Enterprise Centre and freehold of Sainsbury's site
- Units under A66 along Wilson Street
- and a number of sites and council owned car parks earmarked for redevelopment.