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 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.

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.