Today marked the first sitting of the new Teesside Freeport Board - which included Jacob Young MP and Tees Valley Mayor, Ben Houchen, amongst others.
Sharing the news, Jacob quoted: "Great to be part of this monumental project for the whole of the Tees Valley."
"We will build back better - and greener - from the pandemic. And with our Freeport, we will build back quicker too."
