A regeneration programme worth £300m to the South West's economy was agreed in Plymouth today.
The money, granted by the Government, will be used to stimulate industry and create more than 10,000 jobs.
The majority of investment will be made in the marine industries. But businesses and young people will also benefit - as Plymouth gains greater power to help drive the South West forward.
John Andrews reports:
More top news
Thousands of music fans are heading to Devon for one of the biggest festivals of the year. Powderham Castle is hosting Radio 1's Big Weekend
The picture tells it all. There's a yellow warning for heavy rain for tomorrow but it's a different story for the rest of the Bank Holiday
Former Devon and Cornwall Police dog Sasha has given birth to nine pups - who will all get a chance to follow in her 'paw' steps