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<p>Through our Industrial Strategy, we will make sure that we are using all the tools
we have to stimulate growth in places such as the North East. 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><p> </p><p>The North East LEP Growth
Deal supported by £379.6 million of funding is estimated to provide 8,000 new jobs.
The Growth Deal includes funding for the International Advanced Manufacturing Park
(IAMP) providing a world-class environment for high-tech industries and advanced manufacturing
businesses. South Tyneside and Sunderland Councils estimate that it will bring £300
million of private sector investment into the region, helping support and grow the
manufacturing sector in the North East.</p>
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