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Technology Cluster (Cambridge)

Volume 588: debated on Thursday 20 November 2014

We are doing an enormous amount but, as I know you want Ministers to be brief, Mr Speaker, I shall simply highlight the £500 million Greater Cambridge city deal; the £71 million local enterprise partnership growth deal, which is investing in a biomedical innovation centre and agri-tech growth initiative; and, of course, the research partnership investment fund, which is investing £25 million in a therapeutic immunology and infectious disease institute.

I thank the Minister for all that. The Cambridge tech sector is doing well, directly employing 53,000 people and bringing in £13 billion, but we could contribute much more to the UK if given further support. May I press him to support our call for more localised power and funding towards a Cambridge promotions agency, and to implement the recommendations in Sherry Coutu’s scale-up report, which came out this week and contained advice for the whole country?

The hon. Gentleman can always press me on those issues, and he rightly highlights the extraordinary success of technology in Cambridge, with 1,500 companies, two $10 billion companies and 10 $1 billion companies. Of course, we will look at Sherry Coutu’s report with interest.