The Bill ensures that this Conservative Government maintains its commitment to increase public research and development funding and ensure that this country remains a world leader in scientific research and innovation.
£800 million has been committed to ARIA over the next 4 years and this has the potential to greatly benefit many sectors - including Aerospace. This means that Airbus which is vital to my local economy can also hope to benefit from this funding.
By pursuing a highly ambitious agenda, ARIA will provide transformational science and technology, and I look forward to seeing the economic and societal benefits this will bring to the UK.