INWARD investment in the region has created 3,946 jobs in the past financial year, according to figures out today.

A report by UK Trade & Investment showed a rise of 106 per cent on the number created in 2003-04.

The 58 inward investment projects in the region range from chemical group Hunstman's announcement of £200m investment for the world's largest low-density polyethylene manufacturing facility at Wilton, on Teesside, to US company Safety and Ecology Corporation basing its operation in North Shields, North Tyneside.