Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what assessment he has made of the trends in the level of foreign acquisition of UK technology companies in the last five years.

International deals have remained constant at around 60% of total merger and acquisition activity since 2021, with a greater concentration in innovation-driven fields.

Whilst this brings significant inward investment and unlocks funds to be reinvested back into our innovation ecosystem, Government is also taking steps to increase capital available from UK sources so that companies have the option to scale, grow and list in the UK. Measures taken to support this include increasing capitalisation of the British Business Bank and National Wealth Fund, launching a new Listings Taskforce, ongoing pensions reforms, and wider measures set out in the Entrepreneurship Prospectus.