Amendment would require businesses to seek permission from Aria before transferring intellectual property rights abroad
The House of Lords has agreed an amendment to the Advanced Research and Invention Agency bill that aims to stop technology funded by the £800 million agency for “high-risk, high-reward” research being acquired by overseas businesses.
The amendment, put forward by Labour peer Des Browne and agreed by 166 votes to 153, would make it a condition that any business receiving financial support from Aria would require the funder’s consent to transfer intellectual property rights outside the UK.