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The city's major industries are based on local steelmaking and steelworking, which support the manufacture of tractors and machinery; there are also textile (jute, clothing) and leatherworking industries.
The ground was a cricket pitch until shortly after the Second World War, when it was purchased by a local steelmaking company and converted into a football stadium.
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"That indicates that the long term plans for steelmaking locally are still intact," he told BBC Radio Wales.
Redcar's MP, Labour's Anna Turley, said she welcomed "any measures which help our local economy to recover from the loss of steelmaking".
Steelmaking was long an important component of the local economy, but by 2015 the major steelworks at Redcar had been shuttered, though steel continued to be processed at a facility in Lackenby.
Locally-mined coal was key to Clydeside shipbuilding and steelmaking north of the border in the last century.
Now a handful of them show visitors round, full of good stories about the district's rich industrial past, and how this works began when two local 19th Century bookies made so much money from the horses they decided to invest a bit of it in steelmaking.
Its excess steelmaking capacity equals the entire annual production of the world's No. 2 steelmaker, Japan.
And the steelmaking process changed.
Ravenscraig steelworks closes, ending steelmaking in Scotland.
"We're attached to steelmaking in this region.
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