A devolution deal with government is expected to provide £4.2bn of additional investment to the region over 30 years, including a £1.4bn investment fund alongside significant funding for transport, education and skills, housing and regeneration.
The cabinets of the seven local authorities involved in the North East deal, County Durham, Gateshead, Newcastle, North Tyneside, Northumberland, South Tyneside and Sunderland, will hold meetings in the coming weeks where members will be asked to move ahead with the plans.
Source: Bdaily
