(1 year, 6 months ago)
Commons ChamberI pay tribute to the hon. Lady’s leadership on this issue, because it is really important. Traditionally, our research funding follows excellence, and that is why, say, Northumbria University has shot up the league tables in the last few years from 42nd to 16th—it is knocking on the door of the Russell Group—and the northern universities are delivering increasingly excellent science. But there is something else. Last year there was £50 billion-worth of private investment in research and development, which is matching the public investment, and as we go to £20 billion of public R&D, a wave of private money will start to come into the north-east. The answer to her question is that this is about building the applied science into the industries of tomorrow, which the north-east is doing.
Does the Minister agree that the Catapult centres in the north-east, as well as the manufacturing technology centre in my constituency, are the way forward in commercialising some of the great ideas that are coming from the academic world?
Yes, I absolutely agree. That is why we have put £1.9 billion into the Catapult network—our network for deep industrial collaboration with our universities. In the north-east, we have the offshore renewables Catapult in Blyth, the digital Catapult in Sunderland and the satellite applications Catapult in Durham. This is a deep investment in the north-east economy of tomorrow.