FACTORIES like LG Electronics in Washington were created in the wave of overseas investments which came to our region in the 1980s.

At a time when traditional heavy industries like shipbuilding and coal mining were in rapid decline, the investments were welcomed with open arms.

Let us not forget why the region was so attractive to foreign investors. We had an ample supply of labour, our costs were cheap, and we were able to offer attractive subsidies.

Such favourable conditions no longer exist. They do, however, in the emerging markets of Eastern Europe and Asia. These are now the principal targets for international investors.

The exodus of overseas investors from our region is the consequence of the global economy.

We must come to terms with the realities of international markets, and concentrate efforts to sustain and develop indigenous businesses with their roots in the region.

Such companies may not grab the headlines of the showpiece overseas investors we once attracted, but they can provide a sound basis for continued and long-term prosperity.

Support the supporters

DARLINGTON came close to losing its football club. Had it done so, the damage to the image and reputation of the town would have been considerable.

We rejoice, therefore, at the news that the Quakers have been rescued from the very real threat of extinction.

The club's battle for survival prompted levels of support and commitment which were a credit to the people of the town.

Under its new ownership, the club must build on that support to create a viable and successful business.

Giving the supporters a meaningful input into the decision-making processes at the club will be a welcome and fruitful innovation.