'Put More Into the Steel Pot'

Summary


A TEESSIDE delegation representing Redcar's devastated steelmaking community has returned from the offices of Business Secretary Lord Mandelson with a pounds 60m cash pot to help drive the region forward.

The funding -half of which is coming from central government's Strategic Investment Fund -aims to support Tees Valley in the wake of Corus' decision to mothball its Teesside Cast Products plant, with the loss of 1,700 jobs.

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Extract


'Put More Into the Steel Pot'

The remainder of the funding is coming from re-allocated cash from regional development agency One North East's current budget - and will work to support workers and attract investment for low carbon and advanced man...

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