Universities: Foreign Investment in UK
The question
To ask the Secretary of State for Science, Innovation and Technology, whether her Department has issued guidance to universities on mitigating foreign investment risks in research-intensive spin‑outs, including investment originating from Chinese companies.
Answered by Kanishka Narayan
The Government recognises the importance of safeguarding the UK’s research and innovation ecosystem, including the university spinout sector, from risks associated with foreign ownership, influence, or investment. The government will not hesitate to use our powers to protect national security wherever we identify concerns and we have a range of effective measures in place to do so.
The Government is actively protecting the UK’s research and spinout ecosystem from national security risks. The National Protective Security Authority (NPSA), working with the National Cyber Security Centre (NCSC), supports universities and spinouts through the Secure Innovation programme, providing advice on due diligence, investment screening and managing security risks. Targeted Secure Innovation Security Reviews further help early‑stage firms identify and mitigate vulnerabilities linked to foreign engagement.
The Government has powers under the National Security and Investment (NSI) Act 2021 to review and, where required, intervene in investments that may pose a risk to national security. The Government also monitors the market at all times to identify acquisitions of potential national security interest.
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