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Tier 1 (Investor) Route

21 February 2022

Proposing MP
Priti Patel Con
Witham
Type
Written Ministerial Statement
Department
Home Office
View on Parliament.uk -->

At a Glance

Issue Summary

The statement addresses the closure of the Tier 1 (Investor) route in UK immigration rules.

Action Requested

The Minister announces the immediate closure of the Tier 1 (Investor) route and plans to introduce reforms to the Innovator route by autumn this year, focusing on attracting skilled business angel investors with a track record of success, rather than passive investors. The new scheme will condition settlement on applicants achieving tangible economic impacts.

Key Facts

  • Statement of Changes in the Immigration Rules was laid before the House on Thursday 17 February 2022.
  • The Tier 1 (Investor) route has closed to new applications with immediate effect for operational reasons and to preserve the integrity of the immigration system.
  • Reforms to the existing Innovator route are expected to be delivered in autumn 2022.
  • New provision for investment-related migration will focus on attracting skilled professional business angel investors with a track record and credible plans to engage in innovative businesses in the UK.
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