Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that the UK’s investment screening regime supports responsible sovereign wealth fund investment.

The UK has close investment relationships with many of the world’s sovereign wealth funds, supporting mutually beneficial, strategic investment into the UK.

The National Security and Investment Act (NSIA) 2021 gives the UK Government the power to scrutinise and, where necessary, intervene in a transaction that is captured by the act regardless of the acquirer. Every NSIA transaction is taken on its own merit, on a case-by-case basis.

The legislation enables investment into sensitive sectors of our economy while providing robust protections to ensure the UK’s national security is not compromised.