Tees Valley Unlimited (TVU) hosted an economic briefing and budget event at which business leaders from the region heard firsthand from nationally-renowned commentator David Smith, Economics Editor of The Sunday Times.
Guests at Budget Live! listened to Mr Smith's expert view on UK plc's performance and its future prospects while TVU presented on Tees Valley's changing economy.
Chancellor George Osborne's Spring Budget was then broadcast live to the audience of Tees Valley influential decision-makers and business leaders.
Tees Valley Unlimited is the Local Enterprise Partnership (LEP) for the Tees Valley, which is responsible for helping create jobs, nurture new business and boost the local economy.
David Smith said;
"It was interesting to meet a wide cross-section of business leaders from the North East and hear their take on what the Chancellor announced in the Budget will mean for them and their organisations.
"The event also gave me the opportunity to find out more about what TVU, as the LEP for the Tees Valley, is planning to help drive the area's economy forward."
Stephen Catchpole, TVU Managing Director, said;
"With Tees Valley LEP tasked in helping stimulate economic growth and job creation, it is important that we engage with business leaders and when better than on key dates in the business calendar.
"One of our key roles is to act as a conduit between the Tees Valley business community and influential opinion-formers.
"Facilitating David Smith's visit to the area allowed the area to explain its economy to one of the UK's most respected economic commentators.
"This event provided representatives from the public, private and voluntary sectors with the ideal opportunity to interact with one of the top business writers in the country."
Alastair Thomson, Institute of Director's North East Chairman concluded the event with a response to the Budget and a summary of the key points raised.