UK to launch new £800m research agency to support ‘high risk, high reward’ science
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, as part of government plans to cement the UK’s position as a global science superpower.
The new agency, the Advanced Research & Invention Agency (ARIA), will be tasked with funding high-risk research that offers the chance of high rewards, supporting ground-breaking discoveries that could transform people’s lives for the better.
The creation of ARIA is backed by an £800m deal to fund the most inspiring inventors to turn their transformational ideas into new technologies, discoveries, products and services. The new agency will be independent of government.
ARIA will be based on models that have proved successful in other countries, in particular the influential US Advanced Research Projects Agency (ARPA) model. This was instrumental in creating transformational technologies such as the internet and GPS, changing the way people live and work, while increasing productivity and growth. More recently, ARPA’s successor, DARPA, was a vital pre-pandemic funder of mRNA vaccines and antibody therapies, leading to critical COVID therapies.
Business Secretary Kwasi Kwarteng said: “From the steam engine to the latest artificial intelligence technologies, the UK is steeped in scientific discovery. Today’s set of challenges – whether disease outbreaks or climate change – need bold, ambitious and innovative solutions. Led independently by our most exceptional scientists, this new agency will focus on identifying and funding the most cutting-edge research and technology at speed.
“By stripping back unnecessary red tape and putting power in the hands of our innovators, the agency will be given the freedom to drive forward the technologies of tomorrow, as we continue to build back better through innovation.”