The UK opens visas for talented professionals
August 15, 2021
5 minutes read
The new visa programs, introduced by the U.K. authorities, are High Potential Individual, The Scale-up Route, and the Revitalized Innovator Route. The exact launch date of the new immigration programs hasn’t been announced yet, but they are expected to start in the coming months. Information will be provided in a report by the U.K. Department for Business, Energy and Industrial Strategy.
Unique chance for the gifted
All three visa programs, which will be introduced by the United Kingdom, are for workers with high qualifications. The High Potential Individual scheme is aimed at foreign graduates of the world's leading universities, who will be able to realize their potential by moving to the UK. The British government has not specified the exact requirements for selection, but it is known that the potential candidate will not need to provide a contract with the employer. In addition, a gifted specialist will have the opportunity to work under a flexible schedule and to extend the work visa, provided that the conditions of the program are met.
The Scale-up Route is for talented foreigners, who apply for a vacancy, corresponding to their skill in one of the British companies, scaling their activities. A migrant worker should be offered a high salary, and the company taking them must have been operating on the market for at least 3 years, have a staff of at least 10 employees, and show annual revenue growth of 20%. In this case, a suitable candidate from abroad can take an open position and settle in Great Britain, provided that other conditions of the program are met.
The Revitalized Innovator Route is a visa program for foreign entrepreneurs and innovators, who are willing to do business in the UK and create jobs. The foreign investor is also required to provide a sound plan for the development of their business. Now, a business innovator does not need to invest 50,000 GBP into the British economy. All they need to do is to provide evidence of the potential of the business from the authorized body.
The government's statement about the new visa programs says that they will be a good complement to the British visa schemes, which are already in place.
The UK is the center of world innovation
The British government has ambitious goals, aiming to make the United Kingdom a global center of innovation by 2035. The government strategy will consist of four steps:
- Business development. It is assumed that the authorities will spend on research and development in the field of entrepreneurship up to 22,000,000,000 GBP.
- People. A number of people optimally suited to the conditions and requirements of the new visa programs will be outlined.
- Supervision. There will be created bodies to monitor the effectiveness of business research and development.
- Missions and technologies. A special commission will identify seven technological clusters and global problems that are relevant to the modern world.
In recent months, the United Kingdom has taken several steps to strengthen the national economy. On July 1, 2021, the country launched the Graduate program for international students, which allows graduates to stay in the country for up to 3 years in order to find employment.
In addition, on May 24, the British Home Office also announced plans to introduce new visa destinations, which should attract global business and talent from around the world to the British market by the spring of 2022. The U.K. also offers new visa destinations for specific countries. For example, from May 4, 2021, Indian professionals began receiving visas with a two-year validity period.
In February 2021, the United Kingdom announced the opening of a separate visa route for highly skilled migrants in order to relieve them of cumbersome bureaucratic procedures when seeking employment in British financial companies. The scheme will start operating in March 2022.
Source: Uglobal immigration
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