The Business Secretary Vince Cable will show his support for a new research project in County Durham. He is due to visit the Caterpillar factory in Peterlee, which will receive a share of £40m.
Researchers at the plant will look at energy efficiency in heavy goods vehicles, and hope eventually to build and sell a new, cleaner engine for big vehicles.
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The name was unveiled today by the Northern Powerhouse Minister Andrew Percy.
Harry was world rowing champion who drew thousands to the banks of the River Tyne in the 1850s.