THE Government has pledged more than £6.2million in funding to boost the North East’s low carbon economy.
As part of the Government’s Regional Growth Fund, the cash has been awarded to Wearside firms including Calsonic Kansei and Unipres, among others, which it is hoped will further develop the low carbon vehicle sector in the area.
Prime Minister David Cameron promised an “all-out mission” to kickstart major infrastructure projects and get the economy moving.
He said he had given the go-ahead for two power plants in the north of England that will create 1,000 construction jobs.
Deputy Prime Minister Nick Clegg announced today that 35,000 jobs will be created, using nearly £1billion of public money.
He unveiled investment in more than 100 projects, including six “shovel-ready” projects, that should spark billions of pounds of extra investment from private enterprise.
Officials at the Department of Business, Innovation and Skills focussed the money, from the Regional Growth fund, on small companies and the manufacturing supply chain as much as possible.
See tomorrow’s Echo for more news and reaction to the announcement.