♻ A #WindTurbine parts factory under construction in the #UK has secured £225m of investment.

#SeAhWindUK* said the money for the site at #Teesworks Freeport, near #Redcar, will increase its capacity to build bigger parts.

It will make monopiles - the structures that support offshore wind turbines - which will then be exported to #Europe and the #US.

*The manufacturing firm is owned by #SouthKorea's SeAH Steel Holding, which broke ground at #Teesworks in 2022.

https://www.bbc.co.uk/news/articles/c4gq87037nxo #News

Those of you following the festering corruption around the Teesworks site will be unsurprised to learn that the sites's owners (recipients of very favourable terms for developing the site) have declared that while they might be willing to re-negotiate some of the terms of their contract with the local authority, any change in the ownership structure (the key complaint) is off the cards.

Of course, its hardly surprising; who'd give up such a sweet deal?

#corruption #Teesworks
h/t FT

Good news from the Financial Times today.

Tees Valley Mayor Ben Houchen (Freeports 'R' Us) & his cronies Chris Musgrave & Martin Corney are forced to renegotiate the ownership model of the controversial Teesworks regeneration project, after adverse publicity following the independent review of their land grab.
These grifters exemplify a Tory ethos of transferring public wealth into private hands for short-term gain.

#TeesValley #Teesworks #Teesside #Grift #UKPolitics

https://archive.is/2CtUS

Of course, the thing about the Teesworks report is that none of it means anything until we hear back from Richard Brooks.
https://www.bbc.co.uk/news/articles/cek7ne5zr05o

#Teesworks #LordHouchen #FreePort #SpecialEconomicZone

#Inquiry finds some #Teesworks redevelopment decisions 'do not meet standards expected' for managing #PublicFunds

UK politics live - https://www.theguardian.com/politics/live/2024/jan/29/liz-truss-rishi-sunak-ban-cigarettes-vaping-keir-starmer-michael-gove-uk-politics-latest
#ToryPoliciesInAction #ToryCorruption

Will Teesworks corruption inquiry release its report before the general election? | Vox Political
https://voxpoliticalonline.com/2024/01/11/will-teesworks-corruption-inquiry-release-its-report-before-the-general-election/

#Teesworks #Teesside Freeport #corruption #inquiry #report #general #election #Conservative #Tory #Tories #government #Mike Sivier #Vox Political

Literally no one, NO ONE, saw this coming; nor did anyone warn the govt about #freeport use for illegal activity elsewhere! 🤨 /s

#teesworks

For the modern goings on, see:

https://northeastbylines.co.uk/teesworks-and-westminster-we-need-to-wake-up-to-what-is-going-on/

— ‘… to ‘investigate allegations of corruption, wrongdoing and illegality’ concerning the 4,500 acres of Europe’s largest brownfield industrial site, a project whose short history has been almost as explosive as the early history of Middlesbrough.’

https://northeastbylines.co.uk/is-teesworks-a-second-ironopolis/

Why is the National Audit Office not investigating suspicious activity and irregularities in #Freeports.

What is the role of Simon Clarke with #Teesworks and why did he receive donations from Ian Waller?

£650 million of public money is no small sum.

'There have been growing calls for a full audited inquiry into #Teesworks and its redevelopment of what is Europe’s largest brownfield site and the #UK’s largest industrial zone.'

The project, led by Tees Valley’s #Conservative mayor, Ben Houchen...

... has been bedevilled by accusations of #corruption, #cronyism and wrongdoing.
https://www.theguardian.com/business/2023/may/24/michael-gove-orders-review-into-corruption-allegations-at-teesside-freeport #ToryCorruption #Freeports #ToryPoliciesInAction