Tees Valley Combined Authority: spending, reserves and debt
Tees Valley Combined Authority is a combined authority covering about 712,552 people across 5 member council areas.
Key figures
What the figures show
Outstanding borrowing was £433.1 million at 31 March 2026, from the MHCLG borrowing and investment table, against investments of £53.5 million. At 31 March 2018 it had no outstanding borrowing. The latest quarter, to 30 June 2026, shows £433.1 million.
Divided by the ONS mid-2025 population estimate of 712,552, borrowing comes to £608 per resident, the highest of the 14 combined authorities in England with money pages here.
Tees Valley Combined Authority spent £95.1 million on services in 2024-25, MHCLG reports. The largest item was education at £39.7 million, followed by planning and development at £30.6 million.
In cash terms that is 44.9% more than in 2023-24; in 2017-18, its first year in this series, the figure was £20.4 million.
At 31 March 2025 the authority held £73.7 million in unallocated and earmarked reserves (£0 unallocated, £73.7 million earmarked for set purposes), excluding schools and public health reserves. That is £11.3 million less than a year earlier (-13%). The peak in this series was £85.0 million at 31 March 2024.
Tees Valley Combined Authority spending by service, 2024-25
| Service | Net spending, 2024-25 | Share of services that cost money | Per resident |
|---|---|---|---|
| Education | £39.7 million | 41.7% | £55.68 |
| Planning and development | £30.6 million | 32.1% | £42.91 |
| Highways and transport | £11.8 million | 12.4% | £16.53 |
| Central services | £7.0 million | 7.3% | £9.81 |
| Culture and leisure | £4.2 million | 4.4% | £5.93 |
| Environment and regulation (including waste) | £1.9 million | 2.0% | £2.66 |
| Total | £95.1 million | £133.53 |
History
Tees Valley Combined Authority: net spending by year
| Year | Net spending |
|---|---|
| 2017-18 | £20.4 million |
| 2018-19 | £18.5 million |
| 2019-20 | £46.1 million |
| 2020-21 | £76.9 million |
| 2021-22 | £92.5 million |
| 2022-23 | £79.3 million |
| 2023-24 | £65.6 million |
| 2024-25 | £95.1 million |
Tees Valley Combined Authority: reserves at 31 March
| Date | Reserves |
|---|---|
| 31 March 2018 | £48.4 million |
| 31 March 2019 | £55.6 million |
| 31 March 2020 | £54.1 million |
| 31 March 2021 | £54.1 million |
| 31 March 2022 | £63.1 million |
| 31 March 2023 | £72.4 million |
| 31 March 2024 | £85.0 million |
| 31 March 2025 | £73.7 million |
Tees Valley Combined Authority: borrowing and investments
| Date | Borrowing | Investments |
|---|---|---|
| 31 March 2018 | £0 | £91.0 million |
| 31 March 2019 | £0 | £34.5 million |
| 31 March 2020 | £30.0 million | £63.8 million |
| 31 March 2021 | £28.3 million | £91.9 million |
| 31 March 2022 | £149.4 million | £116.0 million |
| 31 March 2023 | £233.7 million | £78.9 million |
| 31 March 2024 | £335.9 million | £53.1 million |
| 31 March 2025 | £402.0 million | £46.4 million |
| 31 March 2026 | £433.1 million | £53.5 million |
Tees Valley Combined Authority: Band D by year
| Year | Band D |
|---|---|
| 2018-19 | £0.00 |
| 2019-20 | £0.00 |
| 2020-21 | £0.00 |
| 2021-22 | £0.00 |
| 2022-23 | £0.00 |
| 2023-24 | £0.00 |
| 2024-25 | £0.00 |
| 2025-26 | £0.00 |
| 2026-27 | £0.00 |
Tees Valley Combined Authority figures as CSV · What each figure measures
Councils above and below
- Councils in its area: Darlington · Hartlepool · Middlesbrough · Redcar and Cleveland · Stockton-on-Tees
Where Tees Valley Combined Authority sits in the ladder of power
The bodies above Tees Valley Combined Authority and the council areas it serves. How the ten levels work.
Level 4: County councils, combined authorities and metro mayors
- Tees Valley Combined Authority this page
Level 6: National government
- Ministry of Housing, Communities and Local Government the UK government department responsible in England
- UK government and Parliament
Level 7: Regional blocs and supranational bodies
- Council of Europe and the European Court of Human Rights (CoE / ECtHR) The UK Government says the United Kingdom was one of the Council of Europe's founding members.
Level 8: The UN and global treaty bodies
- United Nations (General Assembly and Security Council) The UN lists the United Kingdom as a member admitted on 24 October 1945.
- United Nations Security Council (UNSC) The UK is one of the five permanent members of the Security Council and holds the veto, according to the UN.
- NATO NATO lists the United Kingdom among its 12 founding members, which signed the North Atlantic Treaty in Washington, D.C.
- World Health Organization (WHO) WHO's list of member states includes the United Kingdom of Great Britain and Northern Ireland.
- World Trade Organization (WTO) The WTO says the United Kingdom has been a WTO member since 1 January 1995 and a member of GATT since 1 January 1948.
- Commonwealth of Nations The UK is one of the 56 members, one of three European members with Cyprus and Malta, and the Commonwealth Secretariat is headquartered at Marlborough House in London.
Level 9: The IMF, World Bank and global finance
- International Monetary Fund (IMF) The UK has been a member since 27 December 1945 and has a quota of SDR 20,155.1 million (IMF country page for the United Kingdom).
- World Bank Group (WBG) The UK holds 3.75% of voting power in the IBRD (data as of 30 June 2026) and 6.92% in IDA (as of 30 June 2026), according to the World Bank's voting tables.
Level 10: G7, G20, Davos and global forums
Sources
MHCLG revenue outturn · MHCLG borrowing and investment table · MHCLG Band D table · ONS population, mid-2025. Read 15 October 2026; file fingerprints (SHA-256) are listed on the council money page.
More on Tees Valley Combined Authority
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