Ms Oonagh McPhillips:

I thank the Deputy. The immigrant investor programme was obviously established in 2012 but I think most people would recognise that everything changed globally in 2022. The invasion of Ukraine was a massive global shock and an event that had an impact. One of the impacts it had, in these islands, if you like, is the UK closed its scheme in early March 2022 in response to the building up of difficulties in Ukraine. That had a significant impact on the risk environment. The other marked change in 2022 was the number of applications. The actual application numbers really increased during 2022.