Why UK closed investor visa?

[LanaerTheetr]

What is the rationale behind the closure of the UK Investor Visa and what are the new provisions being introduced for the Innovator Route, as defended by the UK Home Office?

[HoumirKinkar]

The UK Home Office has stated that the closure of the UK Investor Visa was prompted by concerns over the authenticity of the funds being invested and the lack of economic benefits to the UK. The new provisions being introduced for the Innovator Route are designed to attract innovative entrepreneurs who can contribute to the UK's economy and create jobs. Under the Innovator Route, applicants must have a business idea that is innovative, scalable, and has the potential to grow significantly. They must also receive an endorsement from a UK endorsing body, which will assess their business plan and evaluate whether it meets the required criteria. Overall, the goal of the Innovator Route is to attract high-quality entrepreneurs echatrandom who can help drive innovation chatrandom and economic growth in the UK.