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Written Question
Foreign Investment in UK: Disclosure of Information
Wednesday 28th September 2022

Asked by: Nick Gibb (Conservative - Bognor Regis and Littlehampton)

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many notifiable acquisition applications under the National Security and Investment Act 2021 have been made since 4 January 2022.

Answered by Nusrat Ghani - Minister of State (Minister for Europe)

The Government published the National Security and Investment Act’s first Annual Report on 16 June 2022. This report covers the first 3 months of the system operating from 4 January 2022 to 31 March 2022. The report states that, in this period, the Investment Security Unit received a total of 196 mandatory notifications. The 2023 Annual Report will provide data on notifications received in the period 1 April 2022 to 31 March 2023.