Business Rates Devolution

The Devolution Deal with Government in 2015, provided the transfer of significant powers for employment and skills, transport, and investment for economic growth to the Tees Valley Combined Authority (TVCA). The Combined Authority was created in 2016 with the election of the first Tees Valley Mayor in May 2017. Swiftly followed by the creation of the first Mayoral Development Corporation outside of London, to take forward the Teesworks site (former Steelworks site). Through the deal, TVCA had the power to create an...