39
Not Addressed
The Advanced Research and Invention Agency (ARIA) could provide a mechanism to contract for innovation...
Conclusion
The Advanced Research and Invention Agency (ARIA) could provide a mechanism to contract for innovation by driving public-private collaboration and encouraging 54 Post-pandemic economic growth: Industrial policy in the UK competition between commercial organisations to secure alternative sources of investment for growth. We believe that an agency which can take risks and be flexible in the way it supports commercial innovation has the potential to accelerate progress against the Government’s policy objectives.
Government Response Summary
The government's response details existing COVID-19 support packages but does not address the committee's observation regarding the Advanced Research and Invention Agency's potential to drive innovation and public-private collaboration.
Paragraph Reference
160
Government Response
Not Addressed
Government Response
Not Addressed
HM Government
Not Addressed
40. The Government recognises the huge impact that Covid-19 has had across sectors and is committed to supporting businesses and individuals across all sectors through the provision economy-wide support packages, including the Coronavirus Business Interruption Loan Scheme, the Coronavirus Job Retention Scheme, and the Self- Employment Income Support Scheme.
Source
Committee
Business and Trade Committee
Report
First Report - Post-pandemic economic growth: Industrial policy in the UK
28 Jun 2021
HC 385
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age
5.1 yrs
Report published
28 Jun 2021