The Innovator Route
“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 is 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 Home Secretary Sajid Javid, has announced that the Tier 1 (entrepreneur) category is to be closed and replaced by a new innovator category from Spring 2019, further details will be announced in due course. He expects that this new change will open the route up to wider pool of talented entrepreneurs.
The innovator route will have a similar emphasis on endorsement by a business sponsor, who will assess applicants’ business ideas for their innovation, viability and scalability. This shows the government’s commitment and determination to creating the UK a dynamic, open and globally-trading nation.
The statement only refers to ‘Spring 2019’. Based on experience, home office usually makes major changes on immigration rules after April each year, however we will wait to see what the statement of changes states for an implementation date. We hope that the Statement of Intent will be released with sufficient detail and enough time to allow potential applicants to make a formal decision about their applications.
How we can help
There is limited information released about the new category and uncleared position, as a result it is difficult to determine which route will be ultimately better for visa applicants. In the mean time, we strongly advise those who are able to meet the entrepreneur requirements and are seeking to apply for this category, prepare your application as soon as possible to ensure that you can make the application before the category closes.
To review an official press release, please find further information via Gov. UK https://www.gov.uk/government/news/new-start-up-visa-route-announced-by-the-home-secretary
For further information and expert advice in relation to an application for a Tier 1 (Entrepreneur) visa, contact our immigration advisors in London on +44(0)2072536888 or via http://www.ukvisapartners.com/.