The five leaders of Tees Valley councils will formally vote today on whether to approve a bid to buy back Durham Tees Valley Airport.

Tees Valley Mayor Ben Houchen wants to buy the airport and land for £40m under proposals to breathe life back into the struggling - and loss-making - facility. A further £35m is also required to cover potential losses and to upgrade the facility.

The Conservative mayor has an ambitious masterplan that aims to deliver a 10-fold increase in passengers in four years by attracting a budget airline to restore holiday flights.

The Labour leaders of the councils have already said they will vote for the mayor's £588m investment strategy , which includes the airport plan, although reservations have been expressed over the risks posed by the scheme.

A meeting will be held at Jurys Inn in Middlesbrough this morning, where the strategy will be debated and a vote will be held.

Follow live updates from the meeting below