17 January 2013 Last updated at 05:04 ET

Durham Tees Valley Airport to resubmit funding bid

The airport wants to develop land to the south of the runway

Durham Tees Valley Airport has said it will reapply for Government cash for a development project aimed at safeguarding its future operations.

It follows a failed bid for £5.9m from the Regional Growth Fund in 2012.

Airport chiefs are now hoping they will be successful during the next round of funding, in which a total of £350m is up for grabs.

The airport has earmarked the site for a proposed freight terminal development.

Robert Hough, the airport chairman, said: "It is vital for the future of Durham Tees Valley that we develop the full potential of the whole site.

"Funding through the Regional Growth Fund would enable us to provide a link between the existing airport activities on the north side of the runway and the new employment land to the south."