The UK government has today announced that it will be creating a new “start-up” visa category in Spring 2019 for individuals wishing to set up a business in the UK. The new visa category was announced during London Tech Week following the recommendations of the Migration Advisory Committee as well as feedback from the UK tech sector.
The new category will require individuals to have an endorsement from a university or approved business sponsor, including accelerators.
The Secretary of State for the Home Department (The Rt Hon Sajid Javid MP) 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.”