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One North East fighting to avoid deepest cuts
Published: 2010-06-07 09:25:47
The new head of One North East has revealed his officers are in detailed negotiations to deflect spending cuts to the south.
(Sourced from Journal Live.)
Paul Callaghan, the new chairman at the multi-million pound development agency, said yesterday he was confident he had the backing of Business Secretary Vince Cable.
And he praised The Journal’s influential Case for the North East campaign which he said helped convince the Government of the need for a regional development agency.
Mr Callaghan, formerly deputy chairman and head of software company Leighton, has admitted the jobs agency he will lead will be slimmed down but insisted it would still be able to lead international investment efforts.
"The future is looking much better than some had predicted," Mr Callaghan said.
"Certainly the news we are getting publicly is that ministers see a significant role for the agency. There will be changes but the major role will be in economic redevelopment."
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