Question to the Home Office:

To ask the Secretary of State for the Home Department, what assessment she has made of whether the funds invested under the Tier 1 Investor Visa scheme between 2008 and Q1 2015 remain in the UK financial system.

The Tier 1 (Investor) immigration route is for high value non-EEA migrants seeking to make a substantial financial investment into the UK. Before 6 November 2014, the minimum required investment for entry to the route was £1 million per applicant, and since that date it has been £2 million per applicant. The Home Office does not record the information requested in a form which can be collated. Statistics on the number of individuals granted under the Tier 1 (Investor) route are published at: https://www.gov.uk/government/collections/migration-statistics.

The Home Office has a duty to treat applicants’ information in confidence, and does not publish the names of successful applicants under any visa category. The Tier 1 (Investor) category is no different.

As the Home Secretary said at the Home Affairs Select Committee on the 28th March 2018, we intend to review the Tier 1 (Investor) route to see that it is working as it should. This may include looking at some of those currently already in the route.