Advanced Research and Invention Agency: Finance
The question
To ask the Secretary of State for Science, Innovation and Technology, what assessment she has made of the proportion of funding awarded by the Advanced Research and Invention Agency to non UK based companies; and how such funding is expected to deliver benefits to the UK.
Answered by Kanishka Narayan
ARIA was established by Parliament to independently fund high-risk, high-reward research. More than 80% of its funding goes to UK-based teams, and where funding goes abroad, it comes with conditions to ensure it delivers long-term benefits for the UK, such as requirements to establish UK operations or carry out activity in the UK.
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