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<p>The National Security and Investment Bill will introduce slicker investment routes
and more certainty for businesses, as we remain open to trade and recover from COVID-19.
This will ensure the UK remains the premier investment destination in the world, providing
certainty for businesses that they will not be targeted by hostile actors.</p><p>
</p><p>Analysis outlined in the Impact Assessment for the National Security and Investment
Bill has shown that, providing national security regimes are clear, objective, and
predictable, they do not play a major role in the investment decision-making process.</p><p>
</p><p>The Government has been clear that this regime will be exclusively used to
protect the UK from national security threats, rather than wider political considerations.
The Government is making the process of notifying and screening investments simpler,
quicker, and slicker by providing clearance within statutory timelines. The Government
will also facilitate businesses engaging with the process by providing informal advice
on the regime and not charging fees for submitting a notification.</p><p>The powers
given to my Rt. Hon. Friend the Secretary of State to give designated vendor directions
in the Telecommunications (Security) Bill is designed to allow for restrictions to
be imposed on the use by telecoms providers of goods, services, and facilities from
high-risk vendors, in the interests of national security. The restrictions that may
be imposed by way of a direction do not extend to restrictions on inward investment
from other countries.</p><p> </p><p>The recently announced Office for Investment will
work seamlessly across the Government to drive and co-ordinate the deal-enabling activities
that are required to land high-impact and high-value investments.</p>
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