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.
More top news
Friday night's weather for the East of the region
Friday night's weather for the West of the region
Manali Lukha presents the Meridian weather forecast for the west of the region.