NewcastleGateshead will host the Great Exhibition of the North, culture secretary Karen Bradley announced on Tuesday.
The exhibition will showcase the great creative, cultural and design sectors in the city and across the whole of the North of England.
The Government is contributing £5m towards the exhibition itself and a further £15m into a legacy fund to attract further cultural investment in the area.
NewcastleGateshead saw off competition from Blackpool, Bradford and Sheffield.
The Tyneside bid was declared the winner on the recommendation of the Great Exhibition Board chaired by Sir Gary Verity.
The Great Exhibition of the North will take place in Summer 2018 and will celebrate the creativity of Northern England, help boost investment and tourism in the region and leave a lasting cultural legacy.
The culture secretary said: “The Great Exhibition of the North is fantastic news for NewcastleGateshead. It will showcase the dynamic arts, cultural and design scenes in the city and across the whole of the North.
“This cultural investment will bring enormous benefits to the region, including regeneration, increased tourism and cultural engagement.”
Plans for the event include three walking circuits around Tyneside focusing on arts, design and innovation; a major exhibition hub at Great North Museum: Hancock; an innovative programme of new artistic and creative commissions; an entertaining and informative summer camp at Exhibition Park for families and an extensive learning programme.
Sir Gary Verity said: “Their [NewcastleGateshead] ambitious plans will showcase fantastic venues across the city and highlight their unique heritage, culture and design. People from across the country can expect an amazing show in summer 2018.
Carol Bell, Culture and Major Events Director at destination marketing agency NewcastleGateshead Initiative, which led the development of NewcastleGateshead’s bid, added: “It’s a fantastic achievement and a testament to the creative and innovative bid we developed with the support of many venues, organisations, partners and stakeholders here in the North East. Key bid partners include Tyne and Wear Archives and Museums, BALTIC, Sage Gateshead and the North East Culture Partnership.
“We now look forward to extending this partnership approach right across the North of England to shine a spotlight on our collective cultural assets and strengths. Together we will develop and stage an event that the whole of the North can be proud of and which we hope will have far-reaching benefits for culture, communities, tourism and businesses – in 2018 and beyond.”