• Investment zone brings £160m and 4,000 new jobs to the North East

    Investment zone brings £160m and 4,000 new jobs to the North East

    An Investment Zone for the North East will see £160m from government and unlock hundreds of millions of pounds of investment from the private sector.

    The zone will be targeted at Advanced Manufacturing and Green Industries – reflecting the region’s long-standing sectoral strengths and increasing prominence as an international hub for clean energy.

    The North East is already a world leader in automotive and advanced manufacturing, electric vehicle production, battery manufacturing, the offshore wind sector and advanced low-carbon materials.

    Aligned to the Arc of Innovation – running from Northumberland down to Sunderland and Durham, with opportunities along the Tyne Corridor – the North East Investment Zone will bring benefits to businesses and local communities across the whole region.

    Source: Bdaily

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