200 million for 350 jobs?
£200 million for 350 jobs is £572,000 per job. Geezus!
At the current average wage of £479 per week, that's almost 23 years wages. I bet the factory will be replaced with something else in well under that time, so why not simply give 350 people, say, £500 a week for the average life of a factory in the North-East. That should be just about within the government's competence and a sight cheaper too.