A report into allegations of financial mismanagement at the former Teesside Development Corporation (TDC) will be published next month and examined by the House of Commons in February.

The Government's financial watchdog, the National Audit Office, has been conducting a nine-month inquiry into the affairs of the now-defunct regeneration body, following complaints by local MPs.

Ashok Kumar, MP for South Middlesbrough and East Cleveland, has raised doubts about the management of the corporation in the Commons.

Allegations have included shredding of the organisation's documents by staff, misuse of government grants, and the taking on of the £50m Tees Barrage without knowing the level of commitment.

The charges have been rejected by former bosses.

While the inquiry's findings are not known, the Commons Public Accounts Committee will hold an obligatory evidence session on February 13.

MPs will hear from the former TDC chairman, Duncan Hall, and the permanent secretary at the Department of Transport, Local Government and the Regions, Sir Richard Mottram.