Investment: Northumberland
The question
To ask the Secretary of State for Business and Trade, what steps the Office for Investment is taking to help promote Northumberland as an investment destination.
Answered by Chris McDonald
The Office for Investment is piloting an Investment Opportunities Accelerator with North East Combined Authority to unlock and accelerate investment opportunities working in collaboration with regional partners, Whitehall departments and industry. The North East’s designation as the UK’s first AI Growth Zone—with sites in Northumberland and North Tyneside—positions it as a national leader in AI innovation. NECA is also receiving support through DSIT’s £30m Innovation Accelerator Fund to strengthen its R&D ecosystem and drive commercialisation in advanced manufacturing, clean energy and digital sectors.
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