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
A crack inside the glass pod of the i360 in Brighton has been fixed. The owners say there was no risk to safety and blame vandalism.
Thousands of students in the South have received their GCSE results. Grades are down in the South, as they are across the whole country.
Another warm day with a little more cloud and the chance of a few showers.