Migration Advisory Committee (MAC) publishes 'Tier 1 (Investor) route' report
The Migration Advisory Committee (MAC) has published its report on the Tier 1 (Investor) route.
The MAC gathered views and evidence from partners to help inform its response to the Government on the economic impact of the Tier 1 (Investor) route.
Their key findings were as follows:
- They were sceptical that this route delivers significant economic benefits to the UK although recognised there is some gain to the UK residents.
- Whilst this route confers less benefit to the UK than is normally asserted, there may be a case for retaining it as a signal that the UK is open and welcoming to people wishing to contribute to the wellbeing of UK residents.
- The MAC recommended that the investment threshold (currently £1 million) be raised to £2 million in line with earnings growth since 1994.
- Alternative investments should be considered e.g. infrastructure bonds and venture capital.
- The introduction of a further reform to auction some slots should also be considered.
- Any decline in demand for Tier 1 (Investor) route would probably be offset, to an extent, by an increase in demand for alternative routes, such as the Tier 1 (Entrepreneur) route.
Migration Advisory Committee (MAC) publishes 'Tier 1 (Investor) route' report
The Migration Advisory Committee (MAC) has published its report on the Tier 1 (Investor) route.
The MAC gathered views and evidence from partners to help inform its response to the Government on the economic impact of the Tier 1 (Investor) route.
Their key findings were as follows:
- They were sceptical that this route delivers significant economic benefits to the UK although recognised there is some gain to the UK residents.
- Whilst this route confers less benefit to the UK than is normally asserted, there may be a case for retaining it as a signal that the UK is open and welcoming to people wishing to contribute to the wellbeing of UK residents.
- The MAC recommended that the investment threshold (currently £1 million) be raised to £2 million in line with earnings growth since 1994.
- Alternative investments should be considered e.g. infrastructure bonds and venture capital.
- The introduction of a further reform to auction some slots should also be considered.
- Any decline in demand for Tier 1 (Investor) route would probably be offset, to an extent, by an increase in demand for alternative routes, such as the Tier 1 (Entrepreneur) route.