I agree that some of it is coming from the European Union. I am not sure whether the Government need to, or will be able to, dip into their pocket to assure that. They must look at possibly more exciting ways of loaning between business and universities, and stimulating particular areas and sectors in order that they contribute to driving the skills base forward. As my hon. Friend the Member for Taunton Deane (Rebecca Pow) said, we have many high-powered industries in this country—nuclear, pharmaceuticals, and so on—that are more than adept at this. Indeed, I have spoken to the Minister about our telecoms industry, which is more than adept at putting some of its own money into ensuring that skills come through. While I would agree that there needs to be some certainty, I would not necessarily say that it should come purely from Government.
Innovations in life sciences, pharmaceuticals and the 100,000 Genomes Project show that a strong university sector is key to both the health and the wealth of our nation. Organisations have a large part to play. Businesses wants skills, but in order to build them up they must communicate more with the higher and further education sectors. They are playing an increasingly important part in our university institutions.
Last year, one of my daughters graduated across the river, and this week another graduated in Lancaster, which I consider to be truly northern. Another of my daughters is in Newcastle, and another is waiting to go—[Interruption.] I could go on for ages. I have a vast amount of experience visiting university campuses across the UK, although not so much those in Scotland. I am constantly amazed by, for example, Heston Blumenthal’s interaction with the University of Reading and Tata’s interaction with the University of Warwick, which underpin the importance of the relationship between business and universities. Such relationships are already in place and the Bill builds on them, makes them more transparent and develops the connection between further and higher education and business. Our focus on teaching and research allows us to provide opportunities for businesses with specific needs. In his review, Sir Paul Nurse asked for coherence, and I want the Minister to drive that into the Bill.
We have a chance to export education and improve research collaborations. We need to ensure that marketisation is monitored and that there is no oversupply. Although competition is good, oversupply can lead to the problems that have been mentioned. If there is too much freedom in a market, deliverers will always pick the easy route, so there must be an assurance that the low-hanging fruit will not be taken. I have spoken to vice-chancellors this week and our home universities are already looking for students with lower grades to fill the spaces left by EU students who have fallen away. We need to be aware of that and ensure that oversupply does not lead to a downgrade in quality.
Turning to social mobility, any graduate—my daughters, for example—will be in the marketplace for 50 years. That is an awfully long time and not one person who comes to this place will have had the same job for
50 years. We need to take a more flexible approach. We have spoken too much about the young—important though they are and mother of loads as I am—but mature students and part-time students also have needs. The right hon. Member for Tottenham (Mr Lammy) mentioned the statistics for Oxford and Cambridge, but he failed to take account of the fact—this is the crux of the argument—that some of the young people to whom I speak in my constituency are looked-after children, family carers and mothers. They do not have the flexibility just to choose a university. That is why reputation, quality and availability are so important. This is not about being able to go to top-flight universities; it is about being enabled to rise.