- 29th June 2018
- Posted by: Edward Kirkby
- Category: London
During London Tech Week, the Home Secretary announced the introduction of a new ‘start-up’ visa which will be available to people who wish to start a business in the UK. The new ‘start-up’ visa route will launch in Spring 2019 and aims to make the visa process faster and smoother for entrepreneurs coming to the UK and therefore help to widen the applicant pool of talented entrepreneurs. Entrepreneurs play a key role in creating jobs and driving economic growth in the UK.
The Home Secretary, Sajid Javid, said:
“The UK can be proud that we are a leading nation when it comes to tech and innovation, but we want to do more to attract businesses to the UK and our migration system plays a key part in that.”
“That’s why I am pleased to announce a new visa for people wanting to start a business in the UK. This will help to ensure we continue to attract the best global talent and maintain the UK’s position as a world-leading destination for innovation and entrepreneurs.”
The new ‘start-up’ visa route has been designed following advice from the Migration Advisory Committee and feedback from the tech sector and other stakeholders. It will replace a visa route that was exclusively for graduates meaning the visa route will now be accessible to a much wider range of talented business founders. Applicants will be required to have an endorsement form a university or approved business sponsor, including accelerators.
The initiative builds on other recent reforms to the visa system, including doubling the number of visas available on the Exceptional Talent route to 2,000 per year. This shows that the government is committed to making the UK a dynamic, open, globally-trading nation.