Business Secretary Vince Cable (pictured) was in the North East today (5 August) at Corus, where he announced a £4.6m funding package from the Tees Valley Industrial Programme (TVIP) for 14 projects in the region. Of this, £1.3 million will help develop Carbon Capture and Storage (CCS) in the region.
Overall, the government says the TVIP programme should see 3,000 new jobs created and sustain over 10,000 jobs in the longer term.
During the visit to Corus, Vince Cable welcomed news that the company is extending its support for a skills and training scheme for the workers still at risk of redundancy from Teesside Cast Products. The Government has also agreed to provide £300,000 to support this further training as part of a package under TVIP to help equip employees with new skills.
Later, at the National Renewable Energy Centre (Narec) in Blyth Dr Cable said: "It's vital that British-based companies are supported to take advantage of new opportunities in the renewables sector and the testing facilities here at Narec are key to encouraging more investment in the UK.
"The UK has a strong presence in these markets. Clipper is building a factory in Newcastle for the manufacture of their prototype wind turbine blades, Mitsubishi is building an offshore wind R&D centre here in the UK, and there are hundreds of UK grown firms supplying, amongst other things, cables, towers, and foundations and testing marine energy devices. All of this means jobs and growth for economies throughout the country."