UK to launch ‘Start-Up Visas’ in 2019 for encouraging tech entrepreneurs - Hindustan Times
close_game
close_game

UK to launch ‘Start-Up Visas’ in 2019 for encouraging tech entrepreneurs

Hindustan Times, London | By
Jun 13, 2018 10:57 AM IST

Theresa May announces new visa will be launched in spring 2019 to invite talented founders of business ventures to the United Kingdom.

Prime Minister Theresa May on Tuesday announced that a new visa will be launched in spring 2019 to invite talented founders of business ventures to the United Kingdom--part of measures to showcase the country as the best place to run a tech company.

Britain's Prime Minister Theresa May returns to Downing Street from the Houses of Parliament in London, Britain, June 12, 2018.(REUTERS)
Britain's Prime Minister Theresa May returns to Downing Street from the Houses of Parliament in London, Britain, June 12, 2018.(REUTERS)

Called ‘Start-Up Visas’, the new route will replace the current Tier 1 (Graduate Entrepreneur) visa, which allows Indian and other non-EU graduates from UK universities with a “genuine and credible business idea” endorsed officially to remain in the country.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

Currently, the visa is exclusively for graduates, but the new route will open it to talented business founders. This will include accelerators playing a role in the endorsement of candidates who have credible business ideas, official sources said.

The new visa was announced by May in Downing Street at an event that saw £2.3 billion of private investment and 1,600 new jobs as part of the London Tech Week.

“The measures we are announcing today will allow innovative British start-ups to invest in their future--and in the UK--by hiring more skilled people, expanding their business and exporting their expertise across the world,” said May.

“It’s a great time to be in tech in the UK, and our modern Industrial Strategy will drive continued investment, ensuring the nation flourishes in the industries of the future and creating more high-paying jobs.”

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024,, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Prasun Sonwalkar was Editor (UK & Europe), Hindustan Times. During more than three decades, he held senior positions on the Desk, besides reporting from India’s north-east and other states, including a decade covering politics from New Delhi. He has been reporting from UK and Europe since 1999.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, May 22, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On