← Back
August 27, 2021

UK Innovator Visa Applications hit the Record Quarter by rising to 187%

Comparing to the same quarter a year ago, amount of Innovator Visa applications has risen to 187% with 66 investors and 117 dependent applicants in the second quarter of this year.

The total investment amount equaled GBP 132 million during spring months and June and brought around GBP 222 million later this year. The rise of the applications is mainly connected to UK’s Covid-19 restriction lifting. Among the top applicant are Chinese, Hong Kong, Russian, and United States investors.

About Innovator Visa

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.

Innovator Visa UK eligibility requirements:

  • The applicant is at least 18 years old
  • Applicant’s endorsement letter was issued not more than 3 months before the date of their Innovator visa application
  • The applicant is competent in the English language to at least CEFR Level B2, equivalent to IELTS 5.5 in reading, writing, listening and speaking
  • Applicant has at least £50,000 available to invest in their UK business or have already invested £50,000 in your UK business
  • Applicant has been endorsed by an approved UK endorsing body that has assessed their business idea for innovation, viability and scalability
  • Applicant is capable of undertaking, any work or business activity in the UK stated in their application
  • Applicant must have at least £1,270 available to support themselves and £285 for partner, £315 for one child or £200 for each additional child without relying on public funds

What else do you need to know?

Applicant’s partner and any children under the age of 18 may accompany or join them as dependents. Applicants can be the sole founder of their business and they can be a member of an innovator team. Each applicant must receive their own individual endorsement from an approved endorsing body, in order to satisfy the investment funds required for a new business endorsement, each applicant must have at least £50,000 investment funds each. 

Read about one of our successful UK Innovator Visa Case Studies with Co-Founder of Fintech Start-Up here – (https://www.manns-solutions.com/uk-innovator-visa-case-study-longevity-card/)

LONDON IMMIGRATION ADVISERS – Innovator Visa

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC.

For further information or to discuss your personal circumstances in a private consultation with our immigration advisers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by R Spegel on Unsplash