Wonder how much of that "world class" research will get turned into a successful UK company?
Turning that research into a business that makes money in the UK will require good ideas, backed up by by VC prepared to *invest* in the UK and give them the kind of management that delivers actual working results, not just a string of research funding applications.
However VC's "OK we found a buyer who wants to pay you (or rather us) 10x what we stumped up for you (which which was 1/5 what you asked for in the first place)" attitude suggests the idea of a something *ever* forming that got as big as GEC (or BAe systems) *before* it got sold off by its backers to someone (probably American) is virtually *zero*.
Raise the cash from a bank? It's often forgotten Frank Whittle did *exactly* that and then could not afford the £5 for the patten renewal. He went to a merchant bank. None of the UK high street lenders have the skills or the nerve for that kind of stuff.
The UK remains culturally crippled by the 19th century attitudes of the landed gentry (and to a certain extent the gentleman scientists who came from its ranks) that
a) We should not foul our pristine offerings to the goddess Science for the crude pursuit of mere money.
b) Trade is so *terribly* vulgar.
Those who've known poverty *rarely* tend to think it romantic.
Unless they're from Yorkshire.
Got to go as the whippet needs a walk.