Steelmaking returns to Redcar with the potential to create 20,000 jobs after plant was mothballed five years ago
Closed: Redcar’s steelworks were mothballed five years ago but a new plant is set to open
Steelmaking is returning to a North East town – with the potential to create 20,000 jobs over the next 20 years.
Redcar’s steelworks were mothballed five years ago when the coke ovens were switched off, devastating the town.
But yesterday Tees Valley mayor Ben Houchen said that after weeks of negotiations, he has reached an agreement to buy an 840-acre site on the south bank of the Tees from Thai steel firm, SSI UK.
The land will be transferred to the South Tees Development Corporation, allowing the huge site to be cleaned up and rejuvenated, bringing in jobs.
The latest announcement means the overwhelming majority of land at the former steelworks site is under the control of the South Tees Development Corporation.
Houchen said: ‘With the potential to create more than 20,000 jobs over the next two decades, today really marks the beginning of a new era.’