New Clause 6 - Dedicated Small to Medium Enterprise support

National Security and Investment Bill – in the House of Commons at 5:00 pm on 20 January 2021.

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Votes in this debate

  • Division number 209
    A majority of MPs voted against setting up a special division to provide support to any small to medium sized enterprises impacted by the law enabling the Government to intervene in corporate acquisitions, mergers or investments deemed to risk national security.

“(1) Within 3 months of this Act receiving Royal Assent the Secretary of State must set up, a specific division focused on engagement with Small to Medium enterprises (SMEs) engaged in any provisions of this Act.

(2) The division must focus on four functions—

(a) providing updated, efficient and accessible guidance specific to SMEs on compliance with the terms of this Act;

(b) engaging with SMEs in advance of formal notification that can allow efficient notice and assessment periods, including through use of regulatory sandboxes where beneficial for innovation and national security;

(c) providing regular engagement with and assistance to SMEs throughout the assessment periods for SMEs;

(d) seeking to deliver prompt, proportionate resolution of complaints by SMEs relating to the provisions of this Bill;

(e) monitor the impact on access to investment for SMEs and report to the Secretary of State.”—(Chi Onwurah.)

This new clause would require the Secretary of State to set up a Small to Medium Enterprise (SME) engagement unit to assist and support SMEs through the national security screening process.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

Division number 209 National Security and Investment Bill — New Clause 6 — Dedicated Small to Medium Enterprise Support

A majority of MPs voted against setting up a special division to provide support to any small to medium sized enterprises impacted by the law enabling the Government to intervene in corporate acquisitions, mergers or investments deemed to risk national security.

Aye: 264 MPs

No: 356 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

Absent: 26 MPs

Absent: A-Z by last name

The House divided: Ayes 263, Noes 355.

Question accordingly negatived.

The list of Members currently certified as eligible for a proxy vote, and of the Members nominated as their proxy, is published at the end of today’s debates.