THE North East Combined Authority, created by the seven local authorities of Durham County Council, Gateshead Council, Newcastle City Council, North Tyneside Council, Northumberland County Council, South Tyneside Council and Sunderland City Council, has submitted its formal proposals to Government for a “once in a lifetime” devolution deal.

The proposals, which will be considered as a part of the autumn spending review, aim to build on the region’s position as a UK leader for manufacturing exports.

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Other key points include the establishment of a North-East international investment fund to meet a target of creating an additional 100,000 jobs, a desire for greater fiscal freedom so that businesses do not face greater costs than those in Scotland and a fairer funding settlement for the region.

An integrated and upgraded local transport system would also be created with devolved responsibility for capital and revenue funding.

Councillor Simon Henig, chairman of the North East Combined Authority, said it was open minded about the possibility of an elected mayor, as demanded by the Government.

He said: “We are working to secure the means by which we can build a stronger economy, generate more and better jobs and improve transport links and skills training throughout the North-East.

“As we move forward, we will speak to the business sector, trade unions, the voluntary and community sector, residents and other interested parties so that their views can be taken into account.”