Labour demands full investigation into Teesside freeport project
Financial Times
23-05-16 11:19
UK opposition party Labour has requested that the National Audit Office undertake a comprehensive investigation into the Teesworks scheme in the Teesside freeport. The move followed an investigation by the Financial Times that uncovered allegations of poor value for money, cronyism, corruption and secrecy concerning the project. The 4,500-acre Teesworks site is the UK's biggest brownfield area and forms a significant part of the Teesside freeport in north-east England, aiming to regenerate the former Redcar steelworks. The project is overseen by Conservative mayor for Tees Valley Ben Houchen, who is battling growing criticism of the scheme's financial model.