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The Business Secretary Vince Cable says Portsmouth will recover from the loss of hundreds of shipbuilding jobs and companies are queueing up to do business in the city.
He was at Trafalgar Wharf on the quayside today to open a new carbon pipe manufacturing facility.
The company has benefitted from three million pounds of government money to get the development up and running. Earlier, ITV Meridian's Fred Dineage spoke to Vince Cable at Trafalgar Wharf.
Business Secretary Vince Cable is visiting a new £13 million manufacturing quayside development in Portsmouth today.
He will also be talking about how government support is helping to create new jobs and maximising growth in the city.
Despite Michael Fallon being appointed Minister of Portsmouth, Cable recently admitted that he was the real minister as he spent more time in the city.