Laura Sharman 05 December 2018

Mayor agrees to buy airport in £40m deal

Durham Tees Valley Airport (DTVA) looks set to be brought back into public ownership as part of a £40m deal.

Tees Valley mayor, Ben Houchen, has announced the terms of the deal to buy the airport, which includes acquiring 89% shareholding in DTVA and 819 acres of land.

Mayor Houchen has also agreed to buy a parcel of land with outline planning permission for 350 homes to stop the planned housing development.

Mayor Houchen said: ‘Using the money devolved to our area from central government, I am proposing to use just over 6% of that – £35m – to acquire Peel’s shareholding in our airport and 819 acres of land.

‘In order to stop the planned 350-home development outside the terminal, we have agreed to acquire the land with planning permission for £5m. Stopping this development is central to our long-term plan to make this airport great again.’

He added that a new airport operator and a 10 year business plan will be announced in the next few weeks.

He has called an emergency meeting of the Tees Valley Combined Authority cabinet in January 2019 to approve the deal.

#Income generation #Property

Analysis

Better Results, Smarter Spending: AllChild in Wigan

Wigan Council and AllChild are proving that long-term, community-driven programmes can improve outcomes for children while reducing pressure on local services and public spending. LocalGov finds out more.

Opinion

An important step has been taken, but now the groundwork begins

With the seasonal break approaching, many councils will be hoping for a period of rest and recuperation, but in reality, they know there’s no time to waste, say Claire Ward, partner, and Sue Bearman, legal director at Anthony Collins.

Most Popular News

Local government leaders recognised in 2026 New Year honours list

Union warns of more equal pay claims as payouts rise above £1bn

National recruitment campaign for local government launched

Councils that boycott Israel could face legal action, Reed warns

Council housing cuts loom without rent reform, London boroughs warn

New Products

Bolton Council Upgrades 120+ School Crossings with Smart CMS Control by Lucy Zodion

NEC CONTRACTS HAS GONE DIGITAL: PAPERLESS, TO GIVE YOU MORE

Vent-Axia Delivers Social Housing a Smart Ventilation Solution Ahead of Awaab’s Law

New remotely lockable cabinet will help manage medication for people with mental health issues

UK-first tool developed by Bluesky scores areas green credentials to aid urban planners

New partnership drives improved air quality and healthier homes in social housing

ShuttleID launches 90-day free trial for local authorities

Case Studies

Acrospire Delivers Retrofit Lighting for Newbridge’s Joe Calzaghe Footbridge

Acrospire Delivers PIR-Controlled Lighting at Ruislip Lido Car Park

Spennymoor Market Place and Consett Middle Street revitalised using Thorn Lighting’s Thor Lanterns and Customisable Gobo Projectors

Acrospire Partners with Bath & North East Somerset Council to Illuminate Historic Film Location with LED Upgrade

Believ to install 22 charge points across Redcar and Cleveland

Acrospire Enhances Harlington Underpass with Energy-Saving Vandal-Resistant Lighting

Croydon Council selects integrated corporate GIS to improve efficiencies

Company Anouncements

Acrospire triumphs at the 2025 HEA Awards with Sustainable Project of the Year

TRT Lighting retrofit helps Lincolnshire County Council cut street lighting energy use by over 65%

Vent-Axia Welcomes Healthy Homes Standard

Vent-Axia Helps Tackle Condensation and Mould this World Ventilation Day

Airtech Calls For Urgent Government Action to Support Radon Awareness Week

Vent-Axia’s New Smart Fan Helps Landlords Stay Ahead of Awaab’s Law

Lucy Zodion recognised as sustainability leader with Build Back Better GREEN Award for HAWK3

Procurement Manager

£49587 - £52860

At West Northamptonshire Council, we’re looking for an experienced Procurement Manager to play a pivotal role in the delivery of high quality, value for money services. This is an exciting opportunity to join our forward-thinking central procurement an Northampton

Recuriter: West Northamptonshire Council

Revenues Manager

£65098 - £71353

We’re looking for a Revenues Manager to lead our Council Tax and Business Rates service, ensuring high-quality delivery, compliance with legislation, and a strong focus on customer experience. In this role, you’ll lead the strategic direction of Coun Northampton

Recuriter: West Northamptonshire Council