The UK Government decided to launch a ‘green bond’ to attract more investment in climate change technology and review the UK Innovator visa route, to make it easier for entrepreneurs with relevant skills and experience to set up in the UK.
The bonds, supposed to be launched on Wednesday in Rishi Sunak’s Budget, will raise investments in renewable energy and clean transport projects, as well as support the government’s goal of reaching net-zero carbon emissions.
“The UK is a global leader on tackling climate change, with a clear target to reach net-zero by 2050 and a 10-point plan to create green jobs as we transition to a greener future,” he said. “In a world-first, we’re launching a new green savings bond which will give people across the UK the opportunity to contribute to the collective effort to tackle climate change.
The new points-based routes will guarantee a visa for winners of international awards and will allow highly-skilled migrants with a job offer from a fast-growth firm to qualify without the need for sponsorship or any other third-party endorsement.
At the moment, the Innovator visa is for non-EEA nationals who are experienced businesspersons seeking to establish a business in the UK.
In most cases, the applicant will need to have access to at least £50,000 to invest in their business or have already invested £50,000 in your business, but certain exceptions apply. The applicant will also need to have an innovative, viable, and scalable business idea that is approved and supported by an endorsing body.
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