Former MP is moving to the Lords.
She will take her seat in Westminster's Upper House alongside other new peers, including the former Transport Union boss Sir Bill Morris, Tory treasurer Jonathan Marland, ex-Ulster Unionist leader Sir David Trimble and the wife of Democratic Unionist leader Ian Paisley.
Of her appointment Ms Quin said: "I'm very pleased. I hope this means the North East region's strength is increased in the House of Lords.
"I will support my colleagues both in the House of Lords and in the House of Commons."
But the nominations, officially made by Prime Minister Tony Blair and approved by the Queen, have been marred by the cash for peerages row.
There were originally 28 names on the list but one Tory and four Labour nominations were blocked by the House of Lords Appointments Commission.
The new members of the Lords will be working peers expected to make regular and substantial contributions to the legislative process.
Ms Quin, 61, was MP for Gateshead East and Washington West from 1987 until she stood down well before last year's General Election.
A former Euro MP in the region from 1979-89, she served in the Labour Government as a Foreign Office minister responsible for Europe and as an Agriculture Minister.
She was born in Tynemouth and educated at Whitley Bay Grammar School and from 1976-79 was a lecturer at Durham University.
Her hopes of becoming the leader of the North East Assembly were dashed when it was rejected in a referendum. She was succeeded as MP by Sharon Hodgson.