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G8 Summit

My hon. Friend is absolutely right: we are asking companies to consider moving into green, low-carbon technologies, and we have to make it possible for them to get the necessary investment to make that happen. In the past two weeks, we have set up the innovation fund, which will enable companies with low-carbon technology innovations to apply for help. We estimate that, along with the £150 million that we are investing, about £1 billion of private investment will come forward. Any company in my hon. Friend's constituency or elsewhere in the country that wishes to see investment in low-carbon technology and believes that it can benefit from the innovation fund should apply for that support. This is how we can develop the new technologies that we can sell to the world, and the jobs that are essential for the future.