North of Tyne area has flexibility to tailor policy and investment decisions.
Ross Smith, director of policy, North East England Chamber of Commerce said: “Along with other business organisations in the North East we’ve consistently advocated devolution over the last two years. It’s great to see this deal going ahead which will mean the North of Tyne area has flexibility to tailor policy and investment decisions to local economic conditions, instead of them being made in Whitehall.
“We’re already seeing the success of devolution in Tees Valley so it’s great that this can be reflected in the North of the region too. In due course we want to see all parts of the region covered by devolution deals but from the outset this will be a big step forward in helping deliver our ambitions for growth.”