Ebac Group, a County Durham-based company, is using the money to become the only manufacturer of washing machines in the country - a move that will create 200 jobs.
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Celebrations have been taking place in County Durham to honour 100 years of the Women's Institute.
Kerrie Gosney brings you Sunday night's forecast
Mild but moist air moving in from the southwest over the next few days. Rather cloudy, with the risk of rain