Teesside Development Corporation
- Teesside Development Corporation
Infobox Organization
name = Teeside Development Corporation
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motto =
formation = 1987
extinction = 1998
type =
headquarters = Middlesbrough
location =
membership =
language = English
leader_title = Chair
leader_name = Sir Ron Norman
key_people = Duncan Hall,
Lord Dormand of Easington
num_staff =
budget =
website = The Teesside Development Corporation was a government-backed development corporation which was established in 1987 to fund and manage regeneration projects in the former-county of Cleveland in North East England.
It developed several schemes, many on former industrial land, on both sides of the River Tees and around Hartlepool ranging from housing, commercial, light industrial and leisure projects. Its flagship developments included the Tees Barrage, Hartlepool Marina, Teesside Park and Teessdale Business Park. During its 11 year lifetime 4.6m sq.ft. of non-housing development and 1,306 housing units were built. Around 12,226 new jobs were created and some £1,089m of private finance was leveraged in. Circa convert|1295|acre|km2 of derelict land was reclaimed and convert|22|mi|km of new road and footpaths put in place. ["National Audit Office report dated 27 February 2002".] The chairman was Sir Ron Norman and the chief executive was Duncan Hall; the deputy chairman was the former Member of Parliament for Easington, Lord Dormand of Easington.
Following its abolition in 1998 most of its roles were taken over by the four local authorities of Hartlepool, Stockton-on-Tees, Middlesbrough, Redcar and Cleveland as well as the regional development agency OneNorthEast and English Partnerships.
The Corporation was later condemned by Labour MP Ashok Kumar for having left a legacy of limited and "often inappropriate and threadbare development". [cite news |url=http://www.guardian.co.uk/uk_news/story/0,,318943,00.html |title=Police inquiry into grant by agency: Government redevelopment money was allegedly diverted |author= Peter Hetherington |work=The Guardian |date=27 May 2000 |accessdate=2007-12-24]
The areas it regenerated are clearly marked by distinctive TDC statues.
References
Wikimedia Foundation.
2010.
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