Written questions, answers and statements

Foreign Investment in UK: National Security

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Question for Department for Business, Energy and Industrial Strategy

UIN 185879, tabled on 22 April 2021

Question

Chi Onwurah
Labour
Newcastle upon Tyne Central
Commons

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an estimate of the number of notifications his Department will receive under the National Security and Investment regime in response to changes made to the Bill at Report Stage.

Answer

Paul Scully
Conservative
Sutton and Cheam
Commons

Answered on

27 April 2021

On the basis the available data, which is limited to evidence from: Capital IQ on mergers and acquisitions with a value of £1 million and above; Pitchbook on transactions with a value below £1 million, and; Orbis on the number of indirect mergers and acquisitions, the removal of the 15% mandatory notification threshold from the National Security and Investment Bill is assessed as de minimis. Nonetheless, we do expect this to reduce the number of acquisitions subject to mandatory notification.

Answered by

Department for Business, Energy and Industrial Strategy
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