first tonight a story about money, land and politics and this question how have private developers ended up with a 90% stake in the country s largest brownfield site, on teesside, without any kind of tendering process? first some background: after the redcar steel plant closed in 2015, a public/private company was created to manage the regeneration of the huge site led by the conservative mayor for tees valley ben houchen. so far, so uncontroversial. the regeneration of the land is seen as central to teesside s future attracting multi pound investment in an area now designated as a freeport, a scheme championed by rishi sunak, which seeks to create tax free zones for shipping. but, afer detailed reporting from richard brooks at private eye and this week, jen williams at the financial times, labour have called for a full investigation by the national audit office. according to them at the heart of this are allegations
invested anything, correct? well, auain, if invested anything, correct? well, again, if you. invested anything, correct? well, again, if you, it s invested anything, correct? well, again, if you, it s a invested anything, correct? well, again, if you, it s a simplistic- again, if you, it s a simplistic view to take because if you look at the bp investment, that has taken three years to get over the line, it will take another year to remediate. that only started last week, we have signed a korean factory who are building a facility, they have signed another deal that we will announce shortly, these are projects of international scale, this isn t like building a small shed on a industrial park, you have got years of environmental responsibility, years of permitting to go through, so they are committed to it. the clear thing is the taxpayer is not on the hook for what was according to the labour mps at the time and unions when the steelworks closed a billion pounds worth of taxpayer
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