Greg Clark, the minister for Cities says the new city deal for Portsmouth and Southampton "will maximise the economic strengths of these two coastal cities and the wider Solent area, by supporting further growth in the area’s maritime, marine and advanced manufacturing sectors."
Mr Clark said he had been in negotiations in recent months with the Solent Local Enterprise Partnership, Southampton City Council, Portsmouth City Council, Hampshire County Council and other local authorities, before the deal came to fruition.
More top news
Trade suffers as roads closed at Sussex village of Three Oaks
Simon's Blog - Interesting Uses For A Robin
Wiltshire Police have released a statement in response to speculation that taxi driver Christopher Halliwell may have killed others