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£550m Northern Powerhouse funding includes Sunderland project

Northern Powerhouse Minister Andrew Percy set to make announcement Credit: ITV

A share of £556 million of Northern Powerhouse money will go towards a project in Sunderland that's expected to create 5,200 jobs by 2027.

The International Advanced Manufacturing Park, near Nissan, will be built as part of the Government's bid to improve the North's economy.

A £49.7 million allocation of Local Growth Funding from Government has taken the 2015-2021 total for the North East to £379.6 million.

“We will work with our local authority partners, North East Automotive Alliance and the private sector to deliver this vitally important scheme, which is of strategic importance not only for the North East, but for the UK’s industrial strategy. "The Government has chosen not to back our full Local Growth Fund bid which is deeply disappointing and potentially damaging to our Strategic Economic Plan to grow the North East economy. "Our LGF allocation gives us no scope to fund a range of projects which would have driven new growth and provided real impetus to business development - as well as giving the North East the chance to contribute more fully to the Government's Northern Powerhouse agenda."

– Andrew Hodgson, North East Local Enterprise Partnership Chair
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