In Mar 2019, the UK Tier 1 Entrepreneur visa route was shut down by the immigration department due to a severe policy change. However, soon it was replaced by UK Innovator Visa and start a visa to welcome foreign talents, experienced business professionals, and startup enthusiasts. The government aimed to boost entrepreneurship and innovation in the UK with these new programs.
The main feature of these programs lies in the introduction of designated endorsing bodies. These bodies are appointed to evaluate and select the applicants’ business proposals and ideas under these programs. The endorsement criteria are notoriously challenging to comply with, but with your authorized business visa consultants’ help, you can succeed with minimal difficulty.
How do these endorsing bodies function?
Currently, there are a total of 33 endorsing bodies of the UK Business Visa programs. Out of these, only a handful of the endorsing bodies accept open applications worldwide. However, most of the bodies do not explain their process on their website; some bodies only accept applications from within organizations. When these programs were inaugurated, The UK Home Office was responsible for guiding and explaining their duties and responsibilities as an endorsing body.
What are the measures taken by the government?
The immigration department is identifying the bottlenecks in these bodies and implementing robust measures to propel the fast process. The department aims to make these programs more successful and popular than the previous generation UK Tier 1 Entrepreneur visa route. When the entire country faces an economic slowdown due to the pandemic outbreaks, foreign direct investment is the need-of-the-hour for the United Kingdom.
Considering the popularity of startup visas globally, the immigration department may develop a processing Startup Visa UK application mechanism. With no direct investment, the startup visa is a promising venture for budding entrepreneurs, investors, and senior managers. It will keep the country more accessible and popular to genuine innovators who promote growth in the UK’s key sectors.