As part of its £1.5 billion investment programme, Tees Valley Regeneration has started work on reclaiming Middlesbrough Docklands with the £500 million Middlehaven scheme to bring new business and homes to a 250 acre (1 km²) area.

The Middlehaven regeneration scheme

The first phase around the former docklands has already begun and is visible from the Riverside Stadium. The master plan drawn up by Will Alsop in 2004, includes proposals for the relocation of Middlesbrough College, the building of a virtual reality centre by the University of Teesside (part of the DigitalCity development), in addition to numerous offices, hotels, bars, restaurants and leisure attractions. Tees Valley Regeneration now has a shortlist of five developers seeking to build at Middlehaven