The National Security and Investment White Paper, released at the end of July 2018, outlines how the Government will modernise security investment powers.
The reform plans to bring the UK more closely in line with other countriesтАЩ regimes. New legislation will be introduced to ensure that the Government has stronger powers in тАЬlast resortтАЭ scenarios when the nationтАЩs security is at risk.
WhatтАЩs changing?
The White Paper states that the Government wants the UK to remain an тАШopen and liberal trading nationтАЩ while protecting national security, however it wants businesses and investors to notify it of any transactions that might raise national security concerns.
The National Security and Investment White Paper has proposed that, moving forward, the government will be able to тАЬcall inтАЭ transactions that may give rise to national security risks. New regulations must reflect the need for flexibility.
National Security and Investment
Business Secretary Greg Clark, who announced the release of the National Security and Investment White Paper, noted that strengthening investment powers will upgrade UK national security merger rules whilst maintaining openness to international investment:
тАЬBritain is recognised the world over as one of the best places to do business, attracting investment that benefits communities and workers across the country. To retain this hard-won reputation our merger and takeovers rules need to be responsive to technological, economic and national security changes.тАЭ
The proposals that are recommended within the White Paper are consistent with the actions of many of the UKтАЩs allies, including countries such as Australia, Germany, Japan, and the US.
Increased UK security
This report was released a couple of weeks prior to the Defence Secretary Gavin Williamson stating that the defence sector must тАЬspend more because of the increasing threat that the world faces.тАЭ
With so much conversation surrounding increased security, now is a valuable time for your business to start considering defence and security tender opportunities.
Access Security Tenders with DCI
Our service is well positioned in the defence market and is seen to be an excellent support to suppliers and buyers interested in security tenders.
If you would like more information on tendering for security contracts, request a demo with a DCI defence expert.
We help businesses find security tenders not just in the UK but across Europe and the rest of the world.
