As the Deputy will be aware, the Government agreed to close the Immigrant Investor Programme (IIP) to any further project proposals.
The IIP is fundamentally a programme for investors, not for projects or funds. The investor is the primary applicant and makes an application for an immigration permission and nominates a proposed project as part of that application.
At present there are about 1,400 investor applications on hand being processed. Many previously approved project proposals have not completed their full quota of investment yet. My Department continues to receive and process associated investor applications until such a time as all project proposals are completed.
Whilst my Department is no longer receiving new project proposals for consideration, at the time of the closure there were a significant number of project proposals submitted. As of December 2025, approximately 90 project proposals are awaiting consideration and decision.
I anticipate all project proposals will receive a decision in 2026 which will then enable remaining investor applications to be processed to completion.