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By injecting an additional £400m into venture capital funds through the British Business Bank, unlocking £1 billion of new finance for growing firms.

Our priority is to build a national consensus around our exit from the EU. We have already started a wide-ranging programme of engagement, listening to organisations, institutions and companies in as many sectors as possible to establish their priorities and understand their concerns, and also to hear what they think the opportunities are.

At a working dinner at Lancaster House with the Secretary General this evening Sir Michael praised the NATO’s Enhanced Forward Presence commitment in the Baltic States in the face of an increasingly assertive and unpredictable Russia.

And I will also increase the Rural Rate Relief to 100%, giving small businesses in rural areas a tax break worth up to £2,900 per year.

And from April we will introduce 100% business rates relief for a 5 year period on new fibre infrastructure, supporting further roll out of fibre to homes and businesses.