CONSTRUCTION has started on the latest phase of a business regeneration area.
The five-storey Boho Five building is the latest addition to the Middlehaven development in Middlesbrough.
The 100-hectare site has already attracted more than £150m in investment through the development of the Middlesbrough College campus, new office space, homes, leisure facilities, bars and restaurants.
The site is set to attract a further £58m in investment over the next two years, including the refurbishment of the Transporter Bridge, (£2.6m Heritage Lottery Fund grant), a further expansion to Middlesbrough College’s facilities (£20m), a new Sainsbury’s Superstore (£35m) and a new park.
The redevelopment of Middlehaven is a long-term project, which is being delivered by Middlesbrough Council and the Homes and Communities Agency (HCA).
Part of the Middlehaven plan is to support businesses of the future via the DigitalCity initiative, a partnership between Teesside University and Middlesbrough Council designed to support start-ups in the digital and creative sectors.
This initiative has so far created 537 new additional jobs, 264 new businesses, supported a further 515 businesses and attracted 12 firms to the Tees Valley.
Boho Five,on the corner of Bridge Street East and Windward Way, is a £4m project being built on land owned by the Homes and Communities Agency (HCA). It's jointly funded by the HCA and the European Regional Development Fund Competitive Programme and delivered by Middlesbrough Council.