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National Security & Investment Act 2021 - Annual Report 2025/26

I am today laying before Parliament the Annual Report covering the operation of the National Security and Investment (NSI) Act 2021 for the period 1 April 2025 to 31 March 2026. This fulfils the requirements under section 61 of the NSI Act and a copy of the report will also be published on GOV.UK.

The Government is committed to ensuring the NSI Act supports growth by facilitating investment into our most sensitive sectors in a way that protects our national security. It must also do so as effectively, efficiently, and transparently as possible. This will give investors the certainty they need to promote ongoing growth across the UK.

The report shows that the Government took a decision on whether to call-in or clear all notified acquisitions within the review period’s statutory 30 working days, and the vast majority were cleared to proceed within this period. Of the 1,220 notifications reviewed, 95.6% were notified that no further action would be taken, and 4.4% were called in. In this reporting period, nine final orders were issued and four called-in acquisitions were withdrawn before a decision was made.

This report shows that notifications, call-ins, final orders, withdrawals, and final notifications covered many different sectors and acquirers’ countries of origin.