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Budget 2021: New Visas for highly skilled migrants and entrepreneurs

5 March 2021

On 3 March 2021, as part of the UK Governments plans to rebuild the UK economy, the Chancellor announced further measures to modernise the UK’s Immigration system. New measures will be implemented to attract and retain the most highly skilled global talent such as:

  • Introducing a new Elite Points-Based Visa from March 2022, within which there will be a ‘scale up’ stream for those with a job offer from a recognised UK scale-up to qualify for a fast-track visa.
  • Reforming the Global Talent visa, allowing holders of international prizes, scholarships and programmes for early promise to automatically qualify.
  • Making the Innovator visa route easier for those with skills and experience to start an innovative business.
  • Creating a new Global Business Mobility visa by Spring 2022 for overseas business to establish a presence or transfer staff to the UK.
  • Supporting small businesses who are first time users of the UK visa system.
  • Expanding the Global Entrepreneur Programme marketing UK’s visa offering and developing an overseas talent network.

These new measures will build on the UK’s increasingly global outlook and make the UK a leading destination for the most talented individuals and innovative entrepreneurs from around the world.

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The content on this page is provided for the purposes of general interest and information. It contains only brief summaries of aspects of the subject matter and does not provide comprehensive statements of the law. It does not constitute legal advice and does not provide a substitute for it.

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