This written ministerial statement was laid in the House of Commons by James Brokenshire.

Minister of state for Immigration and Security (James Brokenshire):
Reforms are also being made to strengthen the regime and further enhance security. Technical changes are being implemented across the Immigration Rules to tackle abuse while enhancing the United Kingdom’s status as an excellent place to do business. In particular, the Tier 1 (Investor) route is being reformed following recommendations from the Migration Advisory Committee. The minimum investment threshold will be raised from £1m to £2m. The government will also consult further on what sort of investment the route should encourage in order to deliver real economic benefits, and other improvements to the route. A consultation document will be published in due course… Read more