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£4bn devolution deal for North East welcomed by business leaders

An expanded devolution deal for the North East has been welcomed by business groups in the region.

The £4bn deal – which will extend the current arrangements in the North of Tyne to cover Tyne and Wear, Northumberland and County Durham – aims to create 24,000 extra jobs, deliver 70,000 courses each year and leverage £5bn of private sector investment. Leaders of the North East England Chamber of Commerce, the CBI and the Federation of Small Businesses have welcomed what has been touted as the most generous per head in the country


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