UK’s Scale-Up Visa Aims To Attract Top Talents To Boost The Economy

The UK government has announced a new visa type that will offer companies greater flexibility and power to attract talent from around the world. The program, called the “Scale-up Visa”, will be open to high-growth businesses that have achieved growth of 20% or more in either employment or turnover year-on-year for at least 3 years and employed a minimum of 10 people at the start of the 3 years

What is Scale Up Visa

The Scale Up Visa is a new visa type that will allow companies to bring in high-skilled workers from outside the EU. This will help them make full use of their growth potential and help the UK economy grow even faster.

According to a statement released on Monday, August 22, 2022, the government said the new visa type will avail UK’s top high-growth businesses greater flexibility and power to entice talents from anywhere in the world.

Minister for Safe and Legal Migration Kevin Foster said:

Rapidly growing businesses, like small enterprises, tech and financial services, need the right level of support to go to the next level. Through our Scale-up visa, we’re enabling businesses to focus on their growth and innovation by giving them more freedom to bring in the diverse skills and experience they need, making them more attractive on an international stage.

By supporting our high-growth tech, financial services and small businesses, we are ensuring the UK remains a global hub for emerging technologies and innovation while enhancing productivity across the economy – creating jobs, growth and prosperity across Britain.

The UK government announced today (22 August) that high-growth businesses will have greater flexibility and power to attract the world’s best talent with a new “Scale-up” visa.

UK businesses, with proven track records of growth, may sponsor talented individuals from scientists and engineers to architects and programmers to contribute to their success and help boost the UK economy.

The Scale-up visa is different from other employment visas because it allows companies to hire high-skilled workers who are given 2 years’ leave (permission to live and work in the UK) without requiring further sponsorship or permission for the first six months.

This will help businesses that want to hire eligible employees from outside the UK to apply under the points-based immigration system. The Scale-up visa will give successful companies greater flexibility to bring in much-needed talent and help staff their growing workforce while bolstering Britain’s skilled labour pool.

UK Scale-up Visa 2022 Requirements

The Scale-up visa will be available to companies that have experienced growth of at least 20% for the previous 3-years and have created at least 10 new full-time jobs in the UK over the first 3 years.

This means your company must be able to show that it has a genuine need for skilled workers from outside of the EU and that those hires will make a positive contribution to your business.

Eligible skilled talent includes:

• Scientists
• Engineers
• Programmers
• Software developers
• Research and development professionals
• Economists
• Architects
• Technicians
• Financial and investment advisers

Conclusion

As you can see, there are many options available to businesses looking to attract highly skilled workers from outside of the EU. However, these changes will only be effective if they are planned out properly and executed with care.