Governance Arrangements: The Tees Valley authorities have approved the governance arrangements for the Board of Tees Valley Unlimited and also the various sub boards.  The governance arrangements are in shadow form for the year 2007/8 in order to allow amendments to be made in the light of circumstances.  The membership of the boards has been selected to bring together those organisations and people that can add real value to the overall objective of Tees Valley Unlimited which is to improve the economic performance of the Tees Valley.

Tees Valley Unlimited is a partnership coordinating activities across the Tees Valley appropriate to a city region level which will improve the economic performance of the Tees Valley.  It is not proposed for the local authorities to delegate any powers to Tees Valley Unlimited.

Investment Plan: A 10 year investment plan, assuming broadly similar levels of investment setting out the priorities for the Tees Valley.  The investment plan is a programme of investment which implements the strategy.

Multi-Area Agreement: The programmes which are set out in the investment plan will be incorporated into a multi-area agreement covering the three year period 2008/9 to 2010/11 or if possible to 2012/13 depending on discussions with the Department of Communities and Local Government (DCLG) and funding partners.  

There is a separate paper on the nature of a MAA.
For a more detailed discussion see the paper - the story so far

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