The Justice Minister Simon Hughes has been visiting Tinsley Special Products on Teesside, which is one of 11 North East companies receiving money in the latest round of the Regional Growth Fund.
The RGF aims to help businesses expand and create jobs, and is aimed particularly at areas reliant on the public sector.
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He has agreed a two-year contract at St. James' Park and becomes the tenth new face in the Magpies' first team squad this summer.
On the back of three consecutive Championship wins, the Magpies sit fourth, poised to move into the automatic promotion places.
Callum Young, who will now be 23, was last seen on August 27 last year at his home in Hylton Road.