THE North East was today promised thousands of new jobs after the Government awarded more than £50m to firms across the region.Business Secretary Vince Cable said 5,216 direct jobs and 8,367 indirect jobs would be created and safeguarded by the awards to 14 North East firms from the Government’s £1.4bn Regional Growth Fund.

Speaking to The Journal, he said the grants would be a “useful catalyst” with the fund designed to help boost the private sector in areas of the country hit by public spending cuts.

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