Business Secretary to award £3m research grant

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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Factory given £3m research grant

The Energy and Technologies Institute has awarded the Caterpillar factory in County Durham more than £3 million. Business Secretary Vince Cable visited the site today.