Visas: Foreign Investment in UK

Home Office written question – answered at on 30 June 2023.

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Photo of Christopher Pincher Christopher Pincher Independent, Tamworth

To ask the Secretary of State for the Home Department, pursuant to the Answer of 7 June to Question 188255 on Visas: Foreign Investment in UK, what the poor economic outcomes of the tier 1 investor visa scheme were.

Photo of Robert Jenrick Robert Jenrick The Minister for Immigration

The Migration Advisory Committee’s 2014 inquiry found that it had marginal economic benefits to the UK economy, and there is little evidence.

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Secretary of State

Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.