The UK suffers from persistent low investment which is holding back economic growth. Levels of business investment were at 11.1 per cent of GDP in 2023, placing the UK near the bottom of the G7. Small businesses in particular struggle to access early-stage equity finance to help them to scale up.The UK currently does not have an investor migration route after it was closed in 2022. These are migration pathways for high net worth people who make significant capital investments. Just as skilled worker and global talent visas are designed to boost growth through people’s skills and labour market contribution, investor visas are designed to inject new capital into the economy. In principle, investor visas could therefore provide one avenue to help with the UK’s investment problem.Past investor visas have often failed to live up to economic expectations. This is because schemes such as the UK’s tier 1 investor visa have failed to generate genuinely additional investment. The design of previous schemes has meant that investors tended to direct funds into low-risk assets that were likely to attract investment regardless, limiting their economic impact.There are alternative designs for investor visas which are more likely to be economically successful. These might involve either a direct donation to the treasury or a pooled fund controlled by the government, which would then choose how to make investments.However, investor visas come with potential security risks. Investment by residence schemes are vulnerable to misuse by malign actors, including via money laundering, investment fraud, and government corruption. Investment by citizenship schemes are even riskier, because they can enable criminals to obtain new identity documents and enhanced visa-free travel. Strategies for mitigating these risks include creating a specialist agency or operational unit to manage the visa, introducing multi-tier vetting, and capping overall numbers.We therefore propose a new approach to investment migration in the UK focussed on maximising economic benefits and minimising the risks of abuse. Our recommendations are based on three key objectives.Driving additional investment into innovative, high growth, and higher risk areas of the economy. Mitigating money laundering and illicit finance risks.Creating a targeted and tightly managed migration pathway.