George Osborne has praised the North East for being one of the most successful regions in the country for creating new private sector jobs.
He announced a single pot of money to support local enterprise - a move welcomed this week by the North East Chamber of Commerce.
He also highlighted that for the first time in 40 years Britain is exporting more cars than it is importing, in no small part thanks to the phenomenal success of Nissan's Sunderland plan, which is the most productive car plant in Europe.
Business leaders have given George Osborne's Budget a cautious thumbs up, but it's still unclear how far the North East will benefit
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, takes a look at the winners and losers of this year's Budget.
Osborne surprisingly had a fair amount of leeway in his Budget. But we have to set all this in the context of a very gloomy overall picture.