Question to the Home Office:

To ask the Secretary of State for the Home Department, what assessment she has made of the potential merits of reintroducing the tier one investor visa scheme for entry to the UK.

The Tier 1 (Investor) route was closed in February 2022 because the programme offered a route of entry to people whose wealth had been obtained through illicit means, was vulnerable to fraud and delivered poor economic outcomes.

We have seen no evidence to suggest there was any error in this original assessment and the direction of travel has been for other comparator countries to announce the closure of their equivalent programmes citing similar findings.

There are no plans to reintroduce the route.