The Advanced Research and Invention Bill is a bill that was introduced in the House of Commons on 2 March 2021.
A Legislative Consent Memorandum (LCM) for the Bill was lodged by the Scottish Government on 2 September 2021.
On 14 September, the Parliamentary Bureau designated the Education, Children and Young People Committee as the ‘lead’ Committee scrutinising the LCM.
The Bill itself is summarized in a House of Lords Library briefing on the Bill which states the primary purposes of the Bill as follows:
“Firstly, it would establish the Advanced Research and Invention Agency (ARIA). Secondly, it sets out ARIA’s functions. These are focused on conducting “ambitious” scientific research “with a tolerance to failure”. Thirdly, the bill would enable the secretary of state to make grants to ARIA and to provide it with funding”