Foreign Investment in UK: National Security
The question
To ask the Minister for the Cabinet Office, how many instances there have been of foreign-owned companies using shell companies to bypass the National Security and Investment Act 2021 since 5 July 2024.
Answered by Ms Abena Oppong-Asare
Under the National Security and Investment (NSI) Act, the Government identifies and takes action in investments and other acquisitions of control in the UK economy that could harm our national security. Our powers apply to all types of acquirer.
Acquisitions in the most sensitive parts of our economy are subject to mandatory notification regardless of the type of acquirer. The Government also monitors the market at all times to identify acquisitions of potential national security interest.
The Government will conduct due diligence on acquisitions under review. This is backed up by statutory information gathering powers and the ability to impose civil or criminal penalties for noncompliance.
Further guidance on the NSI Act and how it applies to different types of acquisition is available on GOV.UK.
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