Alison Thewliss – 2016 Parliamentary Question to the Home Office

January 1, 2023 admin 2016, Alison Thewliss, Parliamentary Question

The below Parliamentary question was asked by Alison Thewliss on 2016-04-11.

To ask the Secretary of State for the Home Department, if she will review the financial requirements for tier 1 Entrepreneur visas.

James Brokenshire

In March 2015, the Government commissioned the Independent Migration Advisory Committee (MAC) to assess the economic benefit of the UK’s provisions for non-EEA entrepreneurs. The MAC made a number of recommendations for reform of the Tier 1 (Entrepreneur) route. On financial requirements they recommended that:

• the Government consider setting the lower investment threshold in the range of £40,000 to £50,000; and

• the higher investment threshold of £200,000 should apply to each applicant (currently, two applicants can share the funding i.e. £100,000 each), and that there may be a case for an inflationary uplift.

The Government is currently considering the MAC’s advice, and will announce its response in due course.

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