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However, the decision by the MMC was over-ruled by Nicholas Ridley, then the Secretary of State for Trade and Industry and credited as the architect of bus deregulation.
In October 2006, Secretary of State for Trade and Industry, Alistair Darling announced the establishment of the NNL, to be based on Nexia Solutions and the British Technology Centre at Sellafield.
Speakers included Colin Blakemore (then chief executive of the Medical Research Council), Evan Harris MP and Alan Duncan MP (the Shadow Cabinet Trade and Industry Secretary).
Previous speakers include The Rt Hon Patricia Hewitt, who was Secretary of State for Trade and Industry at the time, and Rachel Lomax, who is the Deputy Governor of the Bank of England.