Committees

The FCDO’s role in blocking foreign asset stripping in the UK

Inquiry

This inquiry will examine how the FCDO assesses whether a potentially hostile party is seeking to secure significant influence or control over a UK company and in what circumstances the FCDO should intervene.

The Committee will also focus on what safeguards are required in the forthcoming National Security and Investment Bill to ensure that the FCDO has a full role in the decision-making process in relation to interventions.

 

Read the call for evidence for more details about the inquiry

Reports, special reports and government responses

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Sixth report - Sovereignty for sale: follow-up to the acquisition of Newport Wafer Fab
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
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HC 1245
Report
Response to this report
Seventh Special Report - Government Response to the Committee’s Sixth Report: Sovereignty for sale: follow-up to the acquisition of Newport Wafer Fab
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HC 1273
Special Report
Third Report - Sovereignty for sale: the FCDO’s role in protecting strategic British assets
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
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HC 197
Report
Response to this report
Fourth Special Report - Government response to the Committee's Third Report: Sovereignty for sale: the FCDO's role in protecting strategic British assets
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HC 807
Government Response
Sixth Report: Striking the balance: Protecting national security through foreign investment legislation
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
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HC 296
Report
Response to this report
Tenth Special Report: Striking the balance: Protecting national security through foreign investment legislation: Government Response to the Committee’s Sixth Report
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HC 1263
Special Report

Correspondence

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Correspondence with the National Security Adviser relating to the acquisition of Newport Wafer Fab by Nexperia, dated 17/12/2021 and 08/12/2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
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Correspondence
Correspondence with the Secretary of State for Business, Energy and Industrial Strategy relating to Newport Wafer Fab, dated 22/07/2021 and 13/07/2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
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Correspondence
Letter to the Prime Minister relating to the takeover of Newport Wafer Fab, dated 13/07/2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
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Correspondence

Oral evidence transcripts

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23 March 2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Paul Scully, Sarah Mackintosh (Deputy Director for National Security and Investment at Department of Business, Energy and Industrial Strategy), James Cleverly, Chris Rampling (Director of National Security at Foreign, Commonwealth and Development Office), and Jacqui Ward (Director for National Security and International at Department for Business, Energy and Industrial Strategy)
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Oral Evidence
23 February 2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Paddy McGuinness (Former Deputy National Security Adviser, for Intelligence, Security and Resilience and Senior Advisor at Brunswick)
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Oral Evidence
23 February 2021
Inquiry The FCDO’s role in blocking foreign asset stripping in the UK
Witnesses Dr Ashley Lenihan (Fellow at London School of Economics Centre for International Studies), and Michael Formosa (Managing Partner at Renaissance Strategic Advisors)
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Oral Evidence

Written evidence

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Dr Keyan Lai (Lecturer in International Human Resource Management at University of Edinburgh Business School) (BFA0032)
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Professor Vivienne Bath (Professor of Chinese and International Business Law at University of Sydney) (BFA0031)
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Simon Vitting (Senior Teaching Fellow at SOAS, University of London) (BFA0030)
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Other publications

Government Responses
The Government has undertaken to respond to most committee reports within two months, although there are exceptions to this rule.
1 published

Contact us

We receive a significant number of emails each day. All requests and invitations are considered but we do not respond directly to everyone. Please be aware, the committee does not look at individual cases or specific complaints.

  • Email: fac@parliament.uk
  • Address: Foreign Affairs Committee, House of Commons, London, SW1A 0AA