Scale-up visa will propel high-growth businesses
Update Explained
The UK government has announced the introduction of a new Scale-up visa aimed at supporting high-growth businesses in attracting top talent from around the world. This visa provides high-growth companies with the flexibility to sponsor a diverse range of highly skilled individuals. The Scale-up visa offers two years' leave to remain in the UK for these employees, with sponsorship or permission required only during the initial six months. This development is part of an effort to enhance the UK's points-based immigration system, allowing businesses to more easily access the expertise they need for growth. Eligible companies from sectors including tech, financial services, and small enterprises that have achieved at least 20% growth in employment or turnover over the past three years and initially employed a minimum of ten people will be able to sponsor professionals such as scientists, engineers, and software developers.
What changed
The introduction of the Scale-up visa allows high-growth UK businesses to sponsor skilled international talent with fewer restrictions after the first six months in the UK.
Why it matters
UK companies experiencing significant growth can now sponsor international talent more easily and with fewer constraints, which should support their expansion and innovation efforts.
Who is affected
- UK high-growth businesses
- International highly skilled professionals
Key dates
Announcement
Aug 22, 2023
The UK government announced the introduction of the Scale-up visa on this date.
Key details
- Businesses must have grown by 20% or more in employment or turnover year-on-year for at least 3 years.
- Eligible companies should have employed at least 10 people at the start of those 3 years.
- The visa provides 2 years of stay in the UK with additional sponsorship required only for the first 6 months.