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<p>The Government has now invested a total of £379.6m in the North East Local Enterprise
Partnership (LEP) area as part of the three rounds of the Growth Deal programme. This
includes Local Growth funds earmarked toward the development of the International
Advanced Manufacturing Park in Sunderland adjacent to the Nissan UK manufacturing
facility, which will be the location for advanced manufacturing and European-scale
supply chain industries and will see an estimated 5,200 jobs created in the long term.
Through its Manufacturing Growth Programme, North East LEP is helping aspiring manufacturing
businesses across the North East through in-depth one-to-one support from manufacturing
growth expert</p><p>The Growth Deal programme is also investing in supporting science
and technology companies. The Centre for Innovation in Formulation to be based at
NetPark in County Durham will be a new innovation centre aimed at developing new formulation
processes for use in areas such as healthcare and pharmaceuticals. The Centre will
be will receive £8.9m of Local Growth Fund through Growth Deal.</p><p>We are working
with UK industry to create the right conditions for competitive, world leading manufacturing
businesses to flourish and grow across the UK. We are supporting all UK manufacturers
by cutting business taxes, slashing red tape and investing in new scientific infrastructure
on a record scale. Through our Industrial Strategy, we will make sure that we are
using all the tools we have to stimulate growth in places such as Peterlee and East
Durham. That means using our record investments in infrastructure to unlock growth
in every part of the country; using the major new investment in research to support
innovative manufacturing businesses across the country; and encouraging inward investment
into the parts of the country where we need to get growth going faster.</p>
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