We're pleased to see the Chancellor reinforcing the importance of the Northern Powerhouse and Midlands Engine. The economic thesis that underpins the concepts is undeniable.
We welcome the £25bn fund focussed on innovation and infrastructure. Brexit negotiations aside, it is our opinion that the other two ways in which the government can best support the economy are through investment in excellence in the science and technology sectors and in major infrastructure investment, particularly transport.
We are also pleased to see the recognition of the value of further devolution; something that we see as critical in rebalancing the country's economy.
We look forward to further announcements in due course and to working with government to ensure that Bruntwood's Northern Powerhouse science strategy contributes fully to the country's industrial strategy.