The Advanced Research & Invention Agency will fund blue sky projects with the aim of making Britain a global centre for technological innovation and giving inventors the freedom to fail .
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UK to launch new research agency to support high risk, high reward science
UK government will launch the Advanced Research & Invention Agency (ARIA), a new independent research body to fund high-risk, high-reward scientific research
ARIA will be led by prominent, world-leading scientists who will be given the freedom to identify and fund transformational science and technology at speed
the new agency will help to cement the UK’s position as a global science superpower, while shaping the country’s efforts to build back better through innovation
The UK’s next generation of pioneering inventors will be backed by a new independent scientific research agency, the Business Secretary Kwasi Kwarteng has announced today (Friday 19 February), as part of government plans to cement the UK’s position as a global science superpower.
19th February 2021 10:51 am
The UK government has announced the launch of the Advanced Research & Invention Agency (ARIA), a research body aiming to fund ‘transformational’ science.
Image: Michal Jarmoluk, Pixabay
ARIA will be independently led by top UK scientists and backed by £800m of government funding, as set out by chancellor Rishi Sunak in the March 2020 budget. The plans were revealed today (19 February) by business secretary Kwasi Kwarteng, as part of government plans to ‘cement the UK’s position as a global science superpower’.
Tasked with funding ambitious, high-risk research, the Advanced Research & Innovation Agency aims to support discoveries that could prove transformational to people’s lives, creating highly-skilled jobs across the country in the process. This will be achieved with flexibility and speed by looking at how to avoid unnecessary bureaucracy and experimenting with different funding models, the government said.