Finance (No. 2) Bill

Jacob Young Excerpts

2nd reading
Tuesday 13th April 2021 Commons Chamber

[Jacob Young (Redcar) (Con)]

Let me start by expressing my sadness at the death of His Royal Highness Prince Philip. I send my condolences and those of the people of Redcar and Cleveland to Her Majesty the Queen and the royal family at this difficult time.

I direct Members to my entry in the Register of Members’ Financial Interests as a board member of the South Tees Development Corporation.

In the short time I have, I want to focus my remarks on clause 109 on freeports and on why I was so pleased to see Teesside play such a prominent role in the Chancellor’s Budget. Freeports are not of course new to Britain, but our ability to use them properly was strengthened by Brexit and the Prime Minister’s EU withdrawal agreement. Outside the EU, freeports have a significant role to play in our recovery and in levelling up our left-behind areas such as Redcar and Cleveland, and clauses 110 and 111 will help achieve that.

Our Teesside freeport is the largest in the UK, with a plan to create 18,000 jobs over the next five years. In less than a month since that Budget announcement, we have seen the creation of more than 2,000 jobs in offshore wind, with General Electric building its new turbine blade manufacturing plant within our freeport. However, the journey to this point was not a happy one. One of Teesside’s darkest days was in October 2015 when SSI fell into liquidation, with the end of 170 years of steel making on Tees and the loss of 3,000 jobs overnight. For many of us in Teesside this felt like a fatal blow and a shock from which we could not recover. For me as a chemical industry worker at the time, I remember the sinking feeling that we would be next—the next domino to fall into industrial collapse—but Teessiders throughout time have shown their immense resilience, and we refused to allow our decline to be inevitable.

In 2017, the election of a Conservative, Ben Houchen, as the Tees Valley Mayor began the journey of devolution in Teesside and the transformation of our area. That year we formed a development corporation to cover the site—the first mayoral development corporation outside London. Although there were many bumps along the road, by February 2020 the deal was done to get full control for the rest of the site, taking full ownership of the former steelworks. In July last year, Teesworks was launched, the new name for the now 4,500 acre site, and in August demolition began, clearing the way for the new jobs to come. It is the largest development site in Europe alongside the deepest port on the east coast, publicly owned and led by a Mayor who is determined to deliver for his area.

We started this journey with the loss of 3,000 jobs on Teesside, but now that site sits at the heart of the UK’s largest freeport, with a plan to create 18,000 jobs over the next five years. The Teesside freeport, which covers Teesworks, Wilton, port of Hartlepool, port of Middlesbrough, Wilton Engineering and Teesside airport, will be our gateway to global trade and the engine room for the northern powerhouse. This is our plan to level up our region, transform Teesside and truly build back better. Recoveries of the past have seen some areas boom while other areas go bust, and over the last 12 months we have faced a crisis like no other in our history. Now we will build a recovery like no other, where nowhere is left behind.