An "extreme" engineering centre will be built to help develop deep sea technology.
The £7 million Neptune National Centre will be created on the River Tyne in Newcastle.
Unveiling the centre as as part of a new oil and gas strategy, Business Secretary Vince Cable said: "This cutting-edge new facility will help put our academic community and industry at the centre of subsea and offshore engineering research."
Newcastle University will help provide funds of try scheme as a centrepiece for economic revival.
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Drivers of the most polluting vehicles will pay the new £10 T-Charge, meaning a daily payment of £21.50 to enter central London.
It is estimated there are 50,000 alcohol-related hospital admissions a year, costing the Welsh NHS £120m annually.
A rather cloudy start for most, with rain spreading eastwards, clearing to brighter skies later in the day.