Regulatory Innovation Office | |
Preceding1: | Regulatory Horizons Council |
Preceding2: | Regulators' Pioneer Fund |
Parent Agency: | Department for Science, Innovation and Technology |
Parent Agency Type: | department |
The Regulatory Innovation Office (RIO) is an office within the UK Department for Science, Innovation and Technology established on 8 October 2024.[1]
The Office's stated purpose is to speed up regulatory decisions by acting as a intermediary between government, regulators, and businesses. Initially the RIO will concentrate on sectors such as engineering biology, space, artificial intelligence, healthcare, drones, and other autonomous technology.[2]
It will incorporate the existing functions of the Regulatory Horizons Council and the Regulators' Pioneer Fund.
As of October 2024, the Office is in the process of appointing a Chair, with interviews for the position planned to be completed by December 2024.