Asked by: John Cooper (Conservative - Dumfries and Galloway)
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, with reference to the oral contribution of the Secretary of State for Scotland in response to the question from the hon. Member for Dumfries and Galloway of 4 September 2024, Official Report, column 298, when he plans to provide a written response to that question.
Answered by Abena Oppong-Asare - Parliamentary Secretary (Cabinet Office)
This was an acquisition of Harbour Energy shares by BASF and LetterOne, with LetterOne receiving a class of non-voting shares which does not give it the ability to influence Harbour Energy. On 30 July 2024, following a detailed national security assessment, the Chancellor of the Duchy of Lancaster imposed a necessary and proportionate Final Order under the National Security and Investment Act on the acquisition of a 46.5% shareholding of Harbour Energy plc by BASF Handels-Und Export GmbH. The Final Order and the conditions imposed within it enable the Chancellor of the Duchy of Lancaster to consider further the exercise of his powers under the Act should a share conversion lead to: LetterOne owning 10% or more ordinary shares in Harbour Energy; and/or the appointment of a Harbour Energy plc board member by LetterOne. The Chancellor of the Duchy of Lancaster has a statutory duty to keep all Final Orders under review and will exercise this power if and when necessary.
Asked by: John Cooper (Conservative - Dumfries and Galloway)
Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, whether she plans to (a) implement the Northern Ireland Enhanced Investment Zone and (b) extend that zone to cover Stranraer and Cairnryan.
Answered by Alex Norris - Parliamentary Under-Secretary (Housing, Communities and Local Government)
The Government remains committed to working in partnership with the Northern Ireland Executive on delivering growth for Northern Ireland. Given the need to repair the public finances we must ensure that we are making responsible decisions about public spending. The Enhanced Investment Zone will be addressed as part of the process for confirming plans for this year and next at the forthcoming Budget on October 30th, and plans beyond that at the Spending Review in Spring 2025.