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
Hold on to your hats, tents & caravans!
1970s children's television classic "Trumpton" will be set alight in a huge bonfire next month
An Avon & Somerset Police officer has told ITV News staff are 'scared to death' at the prospect of the Chief Constable returning to work.