The Half Marathon of the North will be part of a running festival in the city in April next year.
The World Champion athlete, and former world record holder, Steve Cram says the circuit is designed to build on the Olympic legacy.
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A number of projects across the region have received a grant totalling over £1.5m.
Higher food and petrol prices are expected to send inflation to its highest level in 28 months when official figures are released later.
Police say two men were arrested in a pre-planned operation in connection with the incident