In partnership with
Owner
Mixed Ownership
Scale
50 hectares
Investment Type
To be confirmed
Timeframe
To be confirmed
Value
To be confirmed
Overview
In Stockton-on-Tees plans are now under way to develop a nationally significant Care and Health Innovation Zone. Located at Teesdale Business Park and the Tees Marshalling Yards, a significant and recognised cluster of health, social care, research, teaching and learning facilities would sit across 50 hectares of currently brownfield land. The zone has the opportunity to regenerate the key sites and drive economic growth. Further details will come as the project develops.
Teesdale Business Park was one of the main UK brownfield regeneration schemes of its era. The circa 50-hectare site was the former Head Wrightsons’ industrial plant and was opened up for development by the Teesside Development Corporation, who began putting in place new site infrastructure from the late 1980s onwards.
The site is exceptionally well located right at the heart of the Tees Valley. It effectively has its own train station (Thornaby station) and easy access to both the A66 and A19. Teesdale is immediately adjacent to Stockton town centre and much of the site benefits from a prime waterfront setting).
Teesdale represents the largest office park in the Tees Valley. The park has a high concentration of jobs in sectors such as Professional and Business Services, Finance and ICT. Approaching 10% of jobs in the Borough are located on the site.
A residential market has been established. There are circa 600 residential units either occupied or under construction plus a range of specialist housing, including sheltered accommodation and care/nursing homes. There is a residential population of circa 1,500 on Teesdale Business Park. It hosts major educational resources, with both Durham University and Stockton Riverside College choosing to develop a base on site.
Our vision comprises three main aims:
We also expect the health and social care sector to be interspersed with:
The Teesdale Business Park and Marshalling Yards has the capacity to deliver: