Foreign nationals may now submit an application for a scale-up visa, according to the United Kingdom (UK), as of August 22.
In a statement issued on Monday, the government said that the new form of visa will provide the UK's top high-growth companies more freedom and leverage to recruit talent from all over the world.
What is a scale-up visa?
It is a pathway for international talent who has been sponsored by a scale-up business in the UK and who possesses the necessary abilities to support the expansion of scale-up businesses.
Scientists, engineers, programmers, software developers, experts in research and development, economists, architects, technicians, and financial and investment consultants are among the professions that qualify for the scale-up visa.
“This will further enhance the government’s overall offer to businesses through the points-based immigration system to hire eligible employees from anywhere in the world. The Scale-up visa will give them greater flexibility to hire, often in-demand, talent they need so they can go to the next level, while boosting the UK’s high-skilled pool,” the statement reads.
“Companies, including small businesses and those in the tech and financial services sectors, 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 will be eligible to sponsor talented individuals through the Scale-up visa.”©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.