The Business Secretary is looking again at a failed bid from Durham Tees Valley airport to win a 6 million pounds government grant.
The cash would fund a site development that may be critical to the airport's future
Two local MPs met Mr Cable, after the airport lost out on the funding last month.
It comes at a time when there has already been a measured drop in passenger numbers, and warnings over the airport's sustainability.
More top news
The Gung-Ho! Seriously Fun 5k takes place today (Saturday 2nd July) at Newcastle Racecourse, Gosforth in aid of charity.
Veterans, cadets, dignitaries and serving Northumberland Fusiliers have paid tribute to those killed at the Battle of the Somme
Clear spells. Showers. Brisk winds. Sunday looks like the better day