More than ￡650mn of state support has so far been provided to the controversial Teesworks regeneration project overseen by Conservative mayor Ben Houchen, according to a Financial Times analysis.
The figures underline the extent to which public money has underpinned the push to revive the former steelworks in Redcar, north-east England, even after private sector developers were brought in to drive investment.
The sum extended to the UK’s biggest brownfield site includes a sharp rise in local taxpayer liabilities and national tax breaks in the past three years.
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