In a clear commitment to back science, technology, research and development, innovation and entrepreneurialism the Government is launching the new Advanced Research and Invention Agency.
It's job will be to empower some of the world’s most exceptional scientists and researchers to identify and fund transformational areas of research to turn incredible ideas into new technologies, discoveries, products and services – helping to maintain the UK’s position as a global science superpower.
Speaking in the debate Antony said
"It means that when we say we want to be a superpower in all those things, we mean it and the world knows it. It also means that we have a tangible impact in those areas. All this matters because research, development, science, technology, innovation and entrepreneurialism are directly linked to our prosperity and to the job creation that all our constituents rely on. This is what will determine the kind of economy we have for decades to come, not just here in the UK, but around the world. Will it be an economy based on UK designs and UK ideas, fed by our universities and research centres, businesses and entrepreneurs, or will be a global economy based on the ideas of others? We all know in this House what we would rather it be, and ARIA is the way we can deliver that".