Keir Starmer, UK prime minister
International students in the United Kingdom will be eligible for an Innovator Founder visa without having to leave the country after meeting certain requirements.
The idea was floated in a bulky 82-page immigration White Paper released in May and was approved last month.
The pathway replaces a similar provision that previously applied to those switching into the start-up route, which is now closed to new applications.
Foreign students can apply for an Innovator Founder visa they want to set up and run an innovative business in the UK, different from anything else on the market.
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The business must have a potential for growth and demonstrate evidence of creating jobs and growing into national and international markets.
The visa route takes effect on November 25, with a duration of three years. There are no limits on the number of times it can be extended, and applicants may be able to apply for settlement once they have been in the UK for 3 years.
To apply, applicant must have their business (idea) assessed by an endorsing body, meet an English language requirement, be at least 18 years old, and have enough personal savings of at least £1,270.
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However, applicants will need to meet with their endorsing body after 12 months and 24 months to show business progress.
The changes came the same week foreign students were handed 18 months to find employment after graduation, down from the current two years.
The Home Office said the changes which take effect from January 1, 2027, were necessary to ensure graduates contribute effectively to the economy.
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