New Clause 6: National Security and Investment Bill
New Clause 6 - Dedicated Small to Medium Enterprise support
“(1) Within 3 months of this Act receiving Royal Assent the Secretary of State must set up, a specific division focused on engagement with Small to Medium enterprises (SMEs) engaged in any provisions of this Act.
(2) The division must focus on four functions—
(a) providing updated, efficient and accessible guidance specific to SMEs on compliance with the terms of this Act;
(b) engaging with SMEs in advance of formal notification that can allow efficient notice and assessment periods, including through use of regulatory sandboxes where beneficial for innovation and national security;
(c) providing regular engagement with and assistance to SMEs throughout the assessment periods for SMEs;
(d) seeking to deliver prompt, proportionate resolution of complaints by SMEs relating to the provisions of this Bill;
(e) monitor the impact on access to investment for SMEs and report to the Secretary of State.”—(Chi Onwurah.)