Overseas millionaires may soon be able to buy or bid for UK visas in exchange of donations to hospitals and universities. The British government’s proposal in this regard says donors willing to help schools, universities or hospitals in the UK with much needed funds should be ‘let in’.
Reported Migration Advisory Committee chairman Sir David Metcalf has told MPs to explore new innovative ways to attract wealthy investors to the country. “It may very well be that we should be auctioning some of these slots. There should be proper discussion about it. Equally it may very well be that we should be letting people in if they endow a Cambridge college, a major teaching hospital or the London School of Economics with £10 million.” British home secretary Theresa May has asked the committee to look at whether auctioning visas or making it available in exchange of donations can be a plausible option.
Officials said though a screening process will ensure criminals aren’t let in through the process; it will also help reduce strain on public financing and funds. The Committee is expected to submit a report in February. Metcalf has spelled ways by which the new plan could be introduced. He said one option would see wealthy foreigners making investments in government bonds or UK businesses.
In return, wealthy foreigners would be allowed to live and settle in the UK with their families indefinitely. Metcalf said the first preference would be to those, who donate for a noble cause like backing universities with funds or helping set up a hospital.