Business Review 2010

Summary


JUST as the year started with snow and ice, so it came to an end in the same fashion. KAREN McLAUCHLAN concludes her look back at the local economy's highs and lows in 2010.

OCTOBER Teesside was allowed to take control of issues such as planning, housing and transport as the region became the first in the UK to successful bid for a Local Enterprise Partnership. The bid, affecting Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton, was submitted by Tees Valley Unlimited, which is made up of public, private and voluntary bodies. The Teesside LEP bid was the first of only 24 areas around the country to be chosen, giving it greater responsibility in areas including planning and housing, local transport and infrastructure, employment and enterprise and supporting the transition to a low carbon economy. Business and Enterprise North East announced plans for a major restructure which could result in the loss of 135 jobs - nearly one third of its workforce. Stephen Catchpole took over as the managing director of Tees Valley Unlimited - the public and private sector partnership which works to improve the economic performance of the area.

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Business Review 2010

Stockton car parts company Nifco UK celebrating being the best in Britain. The company took the top two honours at the 2010 Plastics Industries Awards.

The Government announced its long-awaited spending review, sparking fears tens of thousands of public sector workers wil...

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