Jim Cunningham
Main Page: Jim Cunningham (Labour - Coventry South)(10 years, 11 months ago)
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I will make a little progress and will then give way.
I offer as evidence the innovation of a well-loved son of Greenock in my constituency. I dare say that hon. Members have heard of him. His name is James Watt. While his product has been consigned to history, his name lives on as a unit of power, which is testament to his innovative genius. It was the innovation of the steam engine that saw him and his business partner go on to dominate the market for such machinery for over a decade. As James Watt would have put it, research and development are vital to the pursuit of excellence. In technology-based sectors, research is a primary driver of innovation.
I thank my hon. Friend for giving way. Successive Governments have supported manufacturing in the west midlands, in particular Coventry, through their support for Jaguar Land Rover. The London Taxi Company was recently saved through useful agreements between the company and Jaguar Land Rover, because the trade unions were prepared to negotiate to save the company. We should welcome that and give credit to successive Governments. My hon. Friend mentioned research and development, and the university of Warwick and Coventry university have done a lot in terms of design and research in manufacturing.
I note and accept my hon. Friend’s points and will develop them later in my speech.
The town of Greenock was not only the manufacturing birthplace of the personal computer back in the early 1980s but the innovation centre for surface-mounted technology and multi-layered processors, which have led to the powerful hand-held IT devices many of us rely on today. Sadly, that manufacturing base has moved to continents that can offer cheaper labour costs to satisfy the need for ever-reducing product prices, with the short-term justification of the need to maintain a healthy profit margin.