My hon. Friend is right that it is a brilliant project precisely the kind of thing the UK excels at: we manage to get the private sector working with Government and local government to deliver not only jobs but real innovation. As the Secretary of State is not here today, I am sure I can offer my hon. Friend the opportunity of a meeting with him.

One really important part of the industrial strategy we published on Monday and the sector plans within it is that we identified a problem many people in the UK face, which is that they have a really good idea but cannot take it to market because they do not have access to finance, in particular to capital, unless they are in London—and sometimes unless they are a man. We want to change all that, which is why we have said categorically that we are giving the British Business Bank much more significant power to be able to invest in these sectors.