1. The Committee has launched an inquiry into inward Foreign Direct Investment (FDI) – where overseas investors acquire ownership of, or a controlling stake in, UK businesses.
2. The Committee’s inquiry will look at issues including: Government strategy for promoting and facilitating inward FDI; the role of the new Office for Investment; the proposed National Security and Investment Regime; and the role played in UK inward investment by foreign governments’ Sovereign Wealth Funds.
Witnesses Lord Grimstone of Boscobel Kt (Investment Minister at Department for International Trade / Department for Business, Energy and Industrial Strategy), Lord Callanan (Minister for Business, Energy and Corporate Responsibility at Department for Business, Energy and Industrial Strategy), Ceri Smith (Director General, Strategy and Investment at Department for International Trade), Daniel Gieve (Chief Operating Officer at Office for Investment), and Jacqui Ward (Director of National Security and International Directorate at Department for Business, Energy and Industrial Strategy)
Witnesses Diego López (Managing Director at Global SWF), Dr Tim Vlandas (Associate Professor of Comparative Social Policy at University of Oxford), and Duncan Bonfield (Chief Executive Officer at International Forum of Sovereign Wealth Funds)