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'Foolhardy' to rely on future business rates
The Gazette
|February 02, 2026
LEADER SAYS COUNCIL CAN'T COUNT SOLELY ON TEESWORKS INCOME
Alec Brown
A COUNCIL leader says it would be "foolhardy" to rely on future business rates income from the massive Teesworks complex.
Alec Brown was quizzed at a Redcar and Cleveland Council meeting about quoted figures set to be generated from the site near Redcar.
As the local billing authority, Redcar and Cleveland will collect 50% of the income generated by business rates payments paid by firms located on the redeveloped former steelworks. The other half will go to the South Tees Development Corporation.
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