diff --git a/packages/module-federation-common/package.json b/packages/module-federation-common/package.json
index 15acc57fbd..31a03b686f 100644
--- a/packages/module-federation-common/package.json
+++ b/packages/module-federation-common/package.json
@@ -39,14 +39,12 @@
     "@backstage/config": "workspace:^",
     "@backstage/errors": "workspace:^",
     "@backstage/types": "workspace:^",
-    "@module-federation/runtime": "^0.21.6",
-    "serialize-javascript": "^6.0.0"
+    "@module-federation/runtime": "^0.21.6"
   },
   "devDependencies": {
     "@backstage/cli": "workspace:^",
     "@backstage/test-utils": "workspace:^",
     "@types/react": "^18.0.0",
-    "@types/serialize-javascript": "^5.0.4",
     "react": "^18.0.2",
     "react-dom": "^18.0.2",
     "react-router-dom": "^6.3.0"
diff --git a/packages/module-federation-common/src/runtime.ts b/packages/module-federation-common/src/runtime.ts
index 1670d8c941..dada9dcf46 100644
--- a/packages/module-federation-common/src/runtime.ts
+++ b/packages/module-federation-common/src/runtime.ts
@@ -15,7 +15,6 @@
  */
 
 import { Host, Runtime, SharedDependencies } from './types';
-import { default as serialize } from 'serialize-javascript';
 import type { UserOptions } from '@module-federation/runtime/types';
 import { ForwardedError } from '@backstage/errors';
 
@@ -37,7 +36,8 @@ const BACKSTAGE_RUNTIME_SHARED_DEPENDENCIES_GLOBAL =
 export function prepareRuntimeSharedDependenciesScript(
   hostSharedDependencies: SharedDependencies<Host & { version: string }>,
 ) {
-  const runtimeSharedDependencies: SharedDependencies<Host & Runtime> =
+  type StringModule = Omit<Runtime, 'module'> & { module: string };
+  const runtimeSharedDependencies: SharedDependencies<Host & StringModule> =
     Object.fromEntries(
       Object.entries(hostSharedDependencies).map(([name, sharedDep]) => [
         name,
@@ -48,20 +48,18 @@ export function prepareRuntimeSharedDependenciesScript(
             ? { singleton: sharedDep.singleton }
             : {}),
           ...(sharedDep.eager !== undefined ? { eager: sharedDep.eager } : {}),
-          // eslint-disable-next-line no-new-func
-          module: new Function(
-            `return () => import('${name}')`,
-          )() as () => Promise<any>,
+          module: `() => import('${name}')`,
         },
       ]),
     );
 
-  return `window['${BACKSTAGE_RUNTIME_SHARED_DEPENDENCIES_GLOBAL}'] = ${serialize(
+  return `window['${BACKSTAGE_RUNTIME_SHARED_DEPENDENCIES_GLOBAL}'] = ${JSON.stringify(
     runtimeSharedDependencies,
-    {
-      space: 2,
-      unsafe: true,
-    },
+    null,
+    2,
+  ).replace(
+    /(^\s+"module":\s*)"([^"]+)"$/gm,
+    (_, start, unquoted) => `${start}${unquoted}`,
   )};`;
 }
 
diff --git a/yarn.lock b/yarn.lock
index 7dcfbd2512..8135ad7473 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4059,11 +4059,9 @@ __metadata:
     "@backstage/types": "workspace:^"
     "@module-federation/runtime": "npm:^0.21.6"
     "@types/react": "npm:^18.0.0"
-    "@types/serialize-javascript": "npm:^5.0.4"
     react: "npm:^18.0.2"
     react-dom: "npm:^18.0.2"
     react-router-dom: "npm:^6.3.0"
-    serialize-javascript: "npm:^6.0.0"
   peerDependencies:
     "@emotion/react": ^11.10.5
     "@material-ui/core": ^4.12.2
@@ -22050,13 +22048,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@types/serialize-javascript@npm:^5.0.4":
-  version: 5.0.4
-  resolution: "@types/serialize-javascript@npm:5.0.4"
-  checksum: 10/c342a4d151736c1ba4913e6d9b00537bcf62401a06e3489dcf96b7d51a4ab147efcf3fe20ca9491b1349ee7e55c6d69606682e1630f2e076e2828eaee3764f94
-  languageName: node
-  linkType: hard
-
 "@types/serve-handler@npm:^6.1.0":
   version: 6.1.4
   resolution: "@types/serve-handler@npm:6.1.4"
@@ -46061,7 +46052,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"serialize-javascript@npm:^6.0.0, serialize-javascript@npm:^6.0.2":
+"serialize-javascript@npm:^6.0.2":
   version: 6.0.2
   resolution: "serialize-javascript@npm:6.0.2"
   dependencies: