Investment Security Unit

(asked on 11th May 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish those notifications made to the Investment Security Unit under the National Security and Investment Act 2021, by sector.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 16th May 2022

The National Security and Investment Act 2021 requires the Secretary of State to prepare an annual report, including information on the numbers of notifications accepted and rejected, the average number of working days taken to accept or reject them, and the sectors in which they fall.

The first annual report covering 4 January 2022 – 31 March 2022 is currently being prepared and will be laid before both Houses and published in due course.

The Government does not publish individual notifications in recognition of the fact that most acquisitions raise no national security risks and are primarily a matter for the parties.

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