Advanced Research and Innovation Agency

Debate between Baroness McIntosh of Pickering and Viscount Camrose

Thursday 29th June 2023 Lords Chamber

[Viscount Camrose (Con)]

I very much accept the thrust of the noble Lord’s point, which is that nationally we perhaps have more of a tendency to invent than to commercialise. As much as anything else, ARIA is in place to help address that.

[Baroness McIntosh of Pickering (Con)]

My Lords, what is the potential relationship between ARIA and the Pioneer programme, which as we heard yesterday might replace Horizon if there is no agreement with the EU?

[Viscount Camrose (Con)]

Whether we reassociate to Horizon or go down the Pioneer alternative, ARIA is designed to be complementary to those programmes. It has a higher tolerance of risk and seeks more long-shot opportunities, one advantage of that being that rapid lessons learned can quickly be transmitted to organisations with a necessarily lower tolerance of risk, thereby allowing everybody to benefit from its learnings.