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It's been billed as a once in a lifetime deal in Lancashire that will unlock a programme of investment worth hundreds of millions of pounds and create more than 20,000 new jobs.
Today Government ministers and senior officials from Lancashire Council met at 11 Downing Street to sign the Preston and Lancashire City deal.
Plans to create more than twenty thousand new jobs and seventeen thousand new homes in Preston have been outlined. A deal is due to be signed this afternoon.
A multi million pound deal is being signed in Downing Street to help secure the economic future of Preston. Worth £434 million it aims to create thousands of jobs, homes and generate nearly £1billion in economic growth over the next 10 years.
Latest ITV News reports
A multi million pound deal to spur economic growth in Preston has been unveiled. It aims to create thousands of jobs and homes.