The Business Secretary is expected to arrive in the next few minutes at Caterpillar in Peterlee, County Durham to confirm £3m in research money for the company.
It is part of a £40m fund that Vince Cable is launching, to help businesses make heavy duty vehicles more efficient.
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The developer says the water rides are on a par with those found at premier water parks in Dubai and Florida.
Work will be undertaken to replace coping stones from the southern parapet and reset stones on the northwest corner of County Bridge.
Coastline Records was set up by five Music Technology students to help revitalise the local music scene.