About Nesta

Nesta is an innovation foundation. For us, innovation means turning bold ideas into reality and changing lives for the better. We use our expertise, skills and funding in areas where there are big challenges facing society.

Lord Harrington of Watford is a British politician and businessman. He published a report on Foreign Direct Investment into the UK for HM Treasury in November 2023.

He was appointed to the Lords in 2022, becoming a joint Minister of State at the Home Office and the Department for Levelling Up, Housing and Communities, responsible for resettling Ukrainian refugees.

Richard retired as MP for Watford in 2019, having first been elected in 2010. As an MP he held several ministerial roles including as Business and Industry Minister and Pensions Minister.

Prior to being elected, Richard built a substantial business career in hotels and leisure as well as wealth management, property and investing in start-ups.

In addition to his role at Nesta, he is on the Board of the Royal Albert Hall and several charities.