The National Security and Investment Act, passed by Parliament in May 2021, gave the UK Government new powers to scrutinise and intervene in investments and business transactions, both foreign and domestic, where necessary to protect national security.
The BIA worked with Government, parliamentarians and members to ensure the regime works in the interest of British businesses, and that the concerns that many life science companies had about the new measures were properly understood and addressed by the Government.
The BIA has produced a resource hub for members to better understand their obligations under the new law and to answer key questions about the regime, found here. To read more about our involvement during the development of the National Security and Investment regime, and how we have worked to protect the life science sector from potential negative impact, click below.
Resources from the BIA