UK ‘invention agency’ grants £50m of public money to US tech and venture capital firms

Britain’s “invention agency” has pledged £50m of UK taxpayer money to US tech companies and venture capital projects. Dreamed up by Dominic Cummings to fund “crazy” ideas, the Advanced Research and Invention Agency (Aria) is meant to “ restore Britain’s place as a scientific superpower ”. But a joint investigation by the Guardian and Democracy for Sale, an investigative website, has established that more than an eighth of the agency’s £400m in research and development funding over the past two …