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.
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Friday evening's weather for the East of the region
Very high risk of pollen tomorrow. Tonight's risk is moderate.
Friday evening's weather for the West of the region