The Deputy Prime Minister was in Oxfordshire today to sign a deal to bring millions of pounds of investment into the Thames Valley - and create thousands of jobs.
It's being called the 'City Deal' and gives local authorities more independence from Whitehall - allowing them to control what's done with £55m of government funding.
The money will establish four innovation hubs - at the science parks at Harwell and Culham - at the Life sciences at Oxford's hospitals - and an engineering hub at Begbroke.
Road and rail networks will also be improved with better public transport links , a new link road between the A40 and A44, and tackling pinchpoints on the A34. Penny Silvester reports.
More top news
Holly has the forecast for the east of the ITV Meridian region.
Holly has the latest forecast for the west of the ITV Meridian region.
Princess Eugenie has become engaged to long-term boyfriend Jack Brooksbank, Buckingham Palace has announced.