A major TV and film studio complex is to be built in Sunderland after the government confirmed a devolution package for the north-east of England.
Chancellor Jeremy Hunt announced a “trailblazer” devolution deal, which will eventually unlock up to £120m towards the development of Crown Works Studios.
Fulwell Cain – a joint venture between Fulwell 73 and Cain International – said it had already raised £450m in private investment to pay for its construction.
About 8,500 jobs are expected to be created by the development which will be built on former shipyard sites by 2027, if planning permission is approved later this month.
