A biomass plant at Lynemouth in Northumberland is one of eight projects, in which the government has announced new investment.
The town was hit badly in 2012 when the former aluminium smelter was closed, with the loss of hundreds of jobs. An adjacent power station, which employed 130 people, was eventually sold to new owners and will now be converted to produce biomass energy.
The other seven projects given new support include Teesside Renewable Energy in Middlesbrough and Drax in Selby, in North Yorkshire, which will both also produce biomass energy. All together, the eight UK projects could support up to 8500 jobs.
A new rope-making factory opening on Tyneside is set to bring a business and employment boost to the area.
International rope-maker Bridon believe the opening of a factory that could create the biggest rope in the world will create at least 50 jobs - as well as safeguarding a further 150 jobs at Bridon Neptune Quay's sister site on Willington Quay.
The Regional Growth Fund, which contributed over two million pounds towards the thirty million pound project, has estimated that as much as an extra £26.4 million pounds could be brought to the North East economy through private sector investment because of the new factory.
"This state-of-the-art facility will provide a welcome, long term business and employment boost to Newcastle, creating many highly-skilled jobs and encouraging the growth of industry in the North East.
Bridon Neptune Quay is the most advanced rope factory in the world, and is a clear example of the return of heavy industry to Tyneside - helping establish the area as a high-tech hub for the international offshore industries."
The demolition of the former ICI headquarters in BIllingham on Teesside will begin later today. The disused site has stood empty for more than a decade and has been at the centre of a legal wrangle between its owners and Stockton Council.
The council finally won its legal bid to have the building demolished after arguing that it was dangerous and an eyesore. Work to demolish it will be launched by a local resident who will sound an airhorn.