Infrastructure: Foreign Investment in UK

Cabinet Office written question – answered on 8th July 2020.

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Photo of Dan Jarvis Dan Jarvis Labour, Barnsley Central

To ask the Minister for the Cabinet Office, what plans he has to review the policy of enabling foreign (a) governments and (b) companies to invest in critical national infrastructure.

Photo of Penny Mordaunt Penny Mordaunt Paymaster General

The Government considers national security implications arising from foreign investment on a case-by-case basis.

On 22 June this Government laid secondary legislation to amend the Enterprise Act 2002, strengthening the Government’s powers to intervene in certain investments made into the UK.

The Government will also bring forward the National Security and Investment Bill when Parliamentary time allows. As announced in the Queen’s Speech, the Bill will upgrade the Government’s powers to scrutinise investments and consider the risks that can arise from hostile parties acquiring ownership of, or control over, businesses or other entities and assets that have national security implications.

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