The opening of the Hitachi factory in Newton Aycliffe was a big moment in the history of the North-East.
One with the potential to create thousands of jobs for local people.
We have to recognise that Hitachi has chosen the North-East as a base in order to supply trains across Europe, alongside the trains for our own East Coast Main Line.
A central part of the appeal as a location is access to the biggest single marketplace in the world, the European Union.
The Prime Minister was in the region to visit Nissan and Hitachi.
He admitted that they had both told him that they would rethink their plans should we leave the EU.
The opening of the Hitachi factory and expansion at Nissan is undoubtedly a good news story for us.
However, we need to remember that risking our membership of the EU is to risk attracting other investments in the future, and keeping the ones we do have.
Jude Kirton-Darling MEP,
Paul Brannen MEP,
Labour Members of the European Parliament for the North East of England,