More than £1 billion will be given for 45 new Town Deals, the Chancellor announced, including Middlesbrough and Thornaby.
The town's fund is designed to boost local economies that can slip through the net for funding due to lying outside major cities.
Mr Sunak also said: “We’re creating a £150 million fund to help communities across the UK take ownership of pubs, theatres, shops, or local sports clubs at risk of loss – putting more power in the hands of local people.”
New Town Deals with Middlesbrough and Thornaby-On-Tees have been agreed.
These towns will benefit from £46m funding from the Towns Fund to support their long-term economic and social regeneration as well as their immediate recovery from the impacts of COVID-19.
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