Development agency One North East finally closes doors

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ONE North East has officially closed, two years after the decision was made to end its operations.

In 2010, Business Secretary Vince Cable announced the decision to close the regional development agency.

The job of winding it down was then taken on by the executives at the organisation to ensure the process went as smoothly as possible.

Since its creation in April 1999, it has seen £2.7billion invested in the North East economy and claims to have created or protected 160,000 jobs and attracted 19,000 businesses to the region.

It has also been involved in regenerating 1,500 hectares of disused land and transform ing North East tourism into a £4billion-a-year industry.

One of the biggest success stories of the agency was the work done with Nissan and the decision to bring electric vehicle manufacturing to Wearside.

It was reported that the manufacturer initially had difficulties getting the Government to become actively involved in the bid.

But with the help of One North East, the bid was successful.