00:00North East Mayor Kim McGuinness has proposed a £104 million investment package aimed at expanding the region's creative industries.
00:10Plans include funding to develop Crownwork Studios in Sunderland, described by regional leaders as a large film and television production
00:18site intended to attract national and international projects.
00:22The first construction phase is expected to begin in summer, with public funding covering capital support, recyclable investment and several
00:32years of operational assistance.
00:34Separate funding is proposed to prepare land at Gateshead Quays for a new indoor arena with a capacity of around
00:4112,000 to 15,000 people, alongside an outdoor performance space and public park.
00:48The wider package also includes support for smaller music venues, festivals, cultural events and programmes designed to help people develop
00:57creative careers or start related businesses.
01:00The proposals are due to be considered by the North East Combined Authority Cabinet.
01:05If approved, regional leaders say the investment would form part of a longer term strategy to grow film, music and
01:12live events across the area while creating jobs and training opportunities.
01:17Supporters argue improved production facilities and larger venues could attract touring shows, screen projects and associated investment into the regional
01:27economy.
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