Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has plans to encourage high net worth individuals to immigrate.

The Government is clear that any future visa route to facilitate investment-based migration must not offer entry solely on the basis of the applicant’s personal wealth.

Following the closure of the Tier 1 Investor visa in February 2022, the Home Office will be making reforms to the Innovator route, part of the new points-based immigration system, to provide an ambitious investment route which works more effectively in support of the UK’s economy.