Earlier this year the National Audit Office found a significant amount of the Government's Regional Growth Fund was still to be allocated.
Today, the Minister Simon Hughes said there is no longer any delay in distributing the money, which is designed to boost jobs and growth in areas reliant on the public sector.
Mr Hughes was speaking as he announced eleven winning North East projects, which will receive support from the fifth round of the RGF:
The Labour MP for Hartlepool, and Shadow Industry Minister, says he welcomes investment in the region.
The Government has announced that eleven North East projects have been chosen to receive money from the fifth round of the Regional Growth Fund.
However, Iain Wright says the process for allocating money needs to be improved, as it is taking too long for Regional Growth funding to find its way to the regions:
A Government Minister has been visiting a firm on Teesside, which is benefitting from the fifth round of the Regional Growth Fund.
Simon Hughes was shown around Tinsley Special Products in Stockton. It has received money from the scheme in the past and will use the latest funding to help create a new site in Peterlee. The RGF aims to generate jobs and growth in areas reliant on the public sector.
Stuart Arnold, Managing Director of Tinsley Special Products, said the new funding will allow him to boost the export side of his business.
The Justice Minister Simon Hughes has been visiting Tinsley Special Products on Teesside, which is one of 11 North East companies receiving money in the latest round of the Regional Growth Fund.
The RGF aims to help businesses expand and create jobs, and is aimed particularly at areas reliant on the public sector.
Hundreds of jobs in the North East will be secured and created thanks to a funding boost from the government.
Eleven companies across the region will get a share of £57 million being put towards business growth.
Cleveland Potash Limited is one of the eleven to receive a grant.
Ahead of the Chancellor's Budget, people from all over the North East have been telling ITV News Tyne Tees how the government could help.
Jon Connolly from Sunderland wants to see more help for jobseekers. He worked as a site manager but was made redundant in January.
Here he is in his own words telling us what life is like for him now:
Have you been in Jon's shoes? How did you cope? And what would you like to see in the Budget? Tell us your thoughts on our Facebook page: https://www.facebook.com/itvtynetees
BT has announced it will create more than 1000 new apprenticeships and graduate jobs, which are likely to include 50 in the North East. The jobs were earmarked for Northumberland, Newcastle and Sunderland.
The telecoms company also pledged to provide up to 1,500 vocational training and work experience placements for unemployed young people across the country over the next 18 months. Those posts would last for four to seven weeks and would be aimed at 18-24 year olds.
New recruits are needed for 'Britain's best summer job' - beach lifeguarding for the Royal National Lifeboat Institution (RNLI).
Candidates need to prove they are courageous, selfless, trustworthy and dependable to make the grade.
Recruitment is now open for this summer's crop of beach lifeguards to be stationed around the UK and Channel Islands.
Successful applicants will receive world-class training in search and rescue, lifesaving and casualty care techniques, as well as boosting their CVs.
Recruits will also be trained in using lifesaving equipment including rescue boards, tubes and defibrillators.
RNLI lifeguards patrol over 200 beaches. Last year they saved 100 lives, rescued 1,567 people and responded to more than 19,500 incidents.
To find out more, visit www.rnli.org.uk/jobs.
"Working as a lifeguard has got to be Britain's best summer job.
"Of course it's incredible to be able to call the beach your office but far more importantly than that, you could save a life this summer. And the skills you'll learn will benefit you for the rest of your life.
"But make no mistake, this is a demanding job requiring commitment, skill and a clear head.
"We want people with the courage, determination and good sense to draw on their training and make the right decision if someone's life is in danger."
Thousands of construction jobs could be created in the North East over the next five years according to a new report.
Long term housing projects are helping to increase demand for a skilled workforce.
However, after so many workers left the industry during the recession, the challenge now is getting those skills back, and training up young people, as Katie Oakes reports.
Watch her full report below.
Kevin Chatterton, Construction Director at Keepmoat, tells ITV News about the potential for new jobs in the construction industry.