Redundant One North East staff to receive £7.5m
Staff at scrapped regional development agency One North East will receive a total of £7.5m in redundancy payments.
The Coalition Government announced in June 2010 the agencies, which were set up to support businesses and generate jobs, would be abolished.
One North East said the payments to the 291 staff being made redundant were in line with the Civil Service Compensation Scheme.
The agency, which was set up in 1999 and based in Newcastle, shuts in March.
A One North East spokesman: "Employees losing their jobs are entitled to redundancy payments under the terms and conditions of the Civil Service Compensation Scheme and we have strictly adhered to the terms and conditions of the scheme during a very difficult and worrying time for all One North East staff."