The Home Secretary, Sajid Javid, announced during London Tech Week that a new start-up visa will be introduced, which will replace the existing Graduate Entrepreneur visa. The stated aim is to widen the applicant pool of talented entrepreneurs and make the visa process faster and smoother for entrepreneurs coming to the UK. It will require applicants to have acquired an endorsement from a university or approved business sponsor, including accelerators.
The visa route has been designed following advice from the Migration Advisory Committee and feedback from the tech sector and other stakeholders.
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.”
This 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.
The expanded route will launch in Spring 2019 and once further details are announced we will publish further updates.