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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Kerrie brings you Sunday night's forecast for the Tyne Tees region
There were thousands of empty seats at St James' Park today as some Newcastle fans took part in a boycott of the ground.
Tottenham have beaten Newcastle 3-1 at St James' Park.