Sunderland is one of two areas in the North East which could be given more freedom from central Government.
Sunderland and the Tees Valley are being considered for the coalition's City Deal, which while not meaning more investment could lead to more local powers.
In return, the areas must show they can create growth and jobs.
The deputy chief executive of Sunderland City Council, Janet Johnson, spoke to ITV News about the city's bid to be one of the city deals.
More top news
A man travelling on the Metro claimed a fellow passenger was a "terrorist" and "member of ISIS" during a rant on a moving train
Machetes, hunting knives and meat cleavers were amongst 106 knives and sharp objects handed in to Cleveland Police during a knife amnesty
ITV's Westminster Correspondent has been live-tweeting today as Nissan announce they will produce the two new car models at Sunderland