Hundreds of new jobs could be created following a government announcement to speed up private investment in power stations using renewable energy.
The firms will receive a guaranteed price for producing low-carbon energy.
The first projects to benefit are on Teesside and in Northumberland.
Lynemouth and the surrounding area was hit badly in 2012, when the former Alcan aluminium smelter was closed, with the loss of hundreds of jobs.
The power station next door, which employed 130 people and was sold to new owners, will be converted from coal to biomass.
Teesside Renewable Energy in Middlesbrough is also expected to press ahead with investment to produce biomass energy.
Berwick MP, Sir Alan Beith, says it is good news for Lynemouth.
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.
250 new jobs have been created by Heerema Fabrication Group at its yard near Hartlepool.
The news has been welcomed by Hartlepool MP and Shadow Minister for Industry Iain Wright.
The company is working on a contract for the Cygnus gas field development in the southern North Sea.
Cygnus represents an investment of £1.4billion by operator GDF SUEZ E&P UK and partners Centrica Energy and Bayerngas.
It is the largest southern gas basin discovery for 25 years and at peak will produce enough gas to meet the needs of 1.5million UK homes.
A masterplan has been discussed to create jobs and homes across Newcastle and Gateshead.
Land has been earmarked for housing developments, business and industry in a bid to kickstart the economy.
More than thirty thousand homes are planned to meet growing demand
Around three quarters would be built on urban and brownfield sites
The remaining quarter are planned for greenbelt land
The 'Local Plan' as it is known, is a framework stretching to the year 2030. It will now go out to public consultation.
A final decision on the plan is expected to be made next year.
Watch Helen Ford's full report here:
£10 million and over 500 new jobs are on their way to the Tees Valley to help develop and promote the burgeoning digitial industry.
The European and Government money will be spent building new centres for start up companies.
Rachel Bullock's report contains flash photograpy.
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.
– Nick Brown MP, Newcastle-upon-Tyne
"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 largest rope-making machine in the world will be turned on today (November 15th) in Newcastle, heralding the return of heavy industry to the region and a boost to employment.
International ropemaker company Bridon have confirmed that the Tyneside factory will produce the largest and most complex ropes in the world - with some weighing up to 650 tonnes.
The factory is being opened by the Business Minister Michael Fallon.
Newcastle-upon-Tyne MP Nick Brown will also be at today's ceremony.
The factory at Bridon Neptune Quay is already taking on orders from multinational operators.
– Business and Enterprise Minister Michael Fallon
"Companies like Bridon International are a great example of how Britain's manufacturers are leading the world.
Through Bridon's innovations, the largest, most advanced ropes ever made are being sold around the world from Britain - and helping to solve the challenges our modern offshore industries face."
Work finally got underway on Tuesday morning to demolish a derilect building which was once the headquarters of ICI in Billingham on Teesside.
It's not yet known what will be built in its place but many in Billingham regard the site as an eyesore and are just pleased to see it torn down.