Financial implications of the Bill
74 Clause 4 provides the Secretary of State with a grant funding power in relation to ARIA. Expenditure is to fall on the Consolidated Fund out of monies to be provided by Parliament through the Supply Estimates. At the Spending Review 2020 the Government provided funding for an "£800 million investment by 2024-25 in high-risk, high-payoff research."
75 Clause 8(4)(f) contains a provision for the Secretary of State to pay compensation to any person who suffers loss or damage resulting from the dissolution of ARIA.