Advanced Research and Invention Agency Act 2022

Lord Fox gives notice of his intention to oppose the Question that Clause 8 stand part of the Bill.

at end insert— ARIA is—

at end insert— In exercising its functions, ARIA must have regard to the desirability of—

at end insert— In exercising its functions, ARIA must have regard to its core mission.

at end insert— Regulations may not be made under this section unless the distribution of ARIA’s investments since the date on which this Act is passed is equal per capita across each region and nation of the United Kingdom.”

at end insert— The conditions may, in particular, include provision under which sums paid by the Secretary of State must be used in areas of low economic prosperity.

at end insert— A Minister of the Crown must make a statement to both Houses of Parliament if the direction includes the making of new grants under section 4.”

Insert the following new Clause— “Regional Inequalities Advisory Board

at end insert— ARIA must provide the House of Commons Select Committee on Science and Technology with such information, in such form, as the Chair of that committee may request, including by sending representatives of ARIA to appear before the committee.

at end insert— The conditions may, in particular, include provision under which the revenue attributable to research supported by grants paid by the Secretary of State, including revenue acquired through the exploitation of the intellectual property derived from the research, is to be retained by ARIA and reinvested to support the exercise of its functions.”

leave out from “may” to end of line 20 and insert “seek to support scientific research which has the potential to have transformational effects and large-scale benefits as set out in section 2(6), and to enable the development and exploitation of such research, taking into account the potential for the processes of discovery and inquiry to secure significant advances in technology. Where the realisation of such benefits is uncertain but is expected significantly to exceed costs, ARIA must accept that the projects it supports may entail a high risk of failure.”

at end insert— In exercising its functions, ARIA must have regard to any UK Research and Innovation Strategy in force at the time, and seek not to duplicate research funded by or through UKRI.”

at end insert— intellectual property may be vested in the Agency or shared with the beneficiaries of support;”

Insert the following new Clause— “ARIA’s purpose

at end insert— In exercising its functions ARIA must give due consideration to the following—

at end insert— If ARIA gives a grant, or part of grant, made to it under this section to another entity, the giving of the grant must be subject to the condition that a person or entity may not gain control of that entity for 5 years after the date on which the grant is given.

at end insert— ARIA is subject to the Freedom of Information Act 2000 and is to be defined as a public authority under Schedule 1 to that Act.”

at end insert— If the Secretary of State issues directions under this section then those directions must be reported to each House of Parliament and subsequently listed in the annual report made by ARIA to the Secretary of State.”

at end insert— In performing its functions under this section, ARIA must have regard to the work of other research and innovation organisations in the UK.”

at end insert— support the UK Government’s obligations under the Climate Change Act 2008.”

Leave out Clause 8

at end insert “and pure and applied mathematics”

after “social” insert “and mathematical”

after “social” insert “and mathematical”

at end insert— The conditions must include provision under which revenues derived from the exploitation of intellectual property created resulting from ARIA’s financial support may be retained by ARIA or paid to the Secretary of State.”

after “invention” insert “and technological advances”

at end insert— intellectual property is to be retained or vested in ARIA;

at end insert— In exercising its functions ARIA must give due consideration to the following—

at end insert— “ESG Strategy

after “may” insert “with the agreement of the Secretary of State”

at end insert “provided that a majority of those members are non-executive members”

leave out paragraph (a)

leave out “five” and insert “four”

at end insert— ARIA is a public authority within the meaning of section 3 of the Freedom of Information Act 2000, and Schedule 1 to that Act is amended accordingly.”

at end insert— ARIA is a central government authority within the meaning of regulation 2(1) of the Public Contracts Regulations 2015, and Schedule 1 to those Regulations is amended accordingly.”

at end insert— financial support provided by ARIA may be treated as convertible to equity interest in the business entity which has received such support;

At end insert— meeting Sustainable Development Goals 1 (no poverty), 2 (zero hunger) and 3 (good health and wellbeing).”

Insert the following new Clause— “Interim review of ARIA

Insert the following new Clause— “Report on ARIA’s progress

at end insert— “Employment of those who have benefitted from ARIA

leave out from beginning to “not” and insert “Sub-paragraph (1) does”