James Mills is a web developer in the North East of England and founder of Refresh Teesside »
Mike Hughes is the Head of Business for the Evening Gazette. He will be blogging on all matters of importance to Teesside businesses - and some that are just worth knowing »
Jez Davison, business writer at the Evening Gazette, is a regular blogger on all things business - particularly finance, entrepreneurship and the state of the Teesside economy » 
Karen McLauchlan is the Evening Gazette's deputy business and features editor - with special interest in all things industry, property and arts related » 
Jeremy Middleton is a venture capitalist and the co-founder of FTSE-200 company HomeServe » 
Deloitte, which has 23 offices across the UK including Newcastle, is among the country's leading professional services firms » 
ClimateNE & Climate Change Schools Project support the move to a low-carbon, resilient economy and help businesses avoid risk and realise commercial opportunities. Posts by Jen Atkinson, Krista McKinzey and Harriet Thew » It was good to see the Government acknowledging that not all regions are the same with the announcement of a Regional Growth Fund in the Budget.
It has to be recognised that a different approach from that employed in London and the South East is required if the economy in the likes of the North-east is to thrive and prosper.
This sense of regional perspective should help boost the economic fortunes of this region.
The North has traditionally had an overreliance on the public sector with a disproportionate number of jobs in this arena compared to the private sector.
The news that small firms with ambitions to grow will be given National insurance reductions for their first ten employees is good news.
It is vital that this type of policy is put in place so that growth is encouraged in the private sector to make up for the jobs that will be lost in the public sector.
Business will be interested to see more detail about how a Regional Growth Fund will work as the Government releases more details about the headline policies revealed in the Budget.
Undoubtedly, there will be a transitional period as the balance of jobs moves from one sector to another. However, the establishment of a Regional Growth Fund should play a part in helping ease the impact.
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