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Advanced Research and Invention Agency Bill

23 March 2021

Lead MP

Kwasi Kwarteng

Debate Type

Bill Debate

Tags

TaxationBusiness & TradeStandards & Ethics
Other Contributors: 46

At a Glance

Kwasi Kwarteng raised concerns about advanced research and invention agency bill in the House of Commons. Other MPs contributed to the debate.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
The Secretary of State for Business, Energy and Industrial Strategy moved the Second Reading of the Advanced Research and Invention Agency Bill. He emphasised the importance of high-risk research and innovation by highlighting the historical significance of Edward Jenner's work in immunology. The bill aims to establish an agency that will fund high-risk, high-reward research with a £800 million commitment over 2024-25. The Secretary outlined ARIA’s focus on patient investment and risk-taking, akin to DARPA in the US but adapted for UK conditions. He stressed the importance of strategic independence, flexibility, and transparency within the agency.
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