Construction is beginning on an £82 million factory in County Durham. The Hitachi plant will create hundreds of permanent jobs -and hundreds more in contract work.
Once the site in Newton Aycliffe is ready, Hitachi says it will bid for the contract to build trains for the HS2 scheme - if it goes ahead. The high speed railway would link London to the north of England.
Watch out for some flash photography in Frances Read's report.
More top news
With the County Championship starting in April, Sir Ian will make a statement later about his visions for the club.
The next phase in plans to attract more high-tech companies to a leading science parks in County Durham gets underway today.
An 84-year-old woman from the North East has abseiled down Middlesbrough's Transporter Bridge to raise awareness of Fair Trade.