UK Opens Door to Foreign Graduates
As part of plans to boost innovation in Britain, graduates from the world’s top universities will no longer need to have a job offer in place to secure a UK work visa. The new route will also allow people to extend their UK visa and settle in Britain, provided that they meet certain criteria.
The new ‘high potential individual’ visa route could attract more highly skilled workers to the UK.
The new rule is part of wider plans to overhaul a series of rules and regulations facing a number of UK industry sectors aiming to improve Britain’s competitiveness in areas such as financial services and technology, following Brexit.
The Department for Business, Energy and Industrial Strategy recently published plans to boost British innovation. According to the plans, fast-growing companies will have access to a fast-track process enabling them to recruit staff from overseas.
High Potential Individual Visa
The government has said that it will also review an existing program to make it easier for innovative or venture-backed entrepreneurs to set up firms in the UK.
The new rule could benefit international students who have graduated from top global universities to move to the UK without a job offer.
Eligibility will be open to applicants who have graduated from a top global university. The UK government will explore the scope to expand eligibility to other characteristics of high potential.
There will be no job offer requirement, giving individuals the flexibility to work, switch jobs or employers and make contributions to the UK economy.
Eligible individuals are allowed to extend their visa and settle in the UK, subject to meeting specific requirements. No further details on the requirements of the High Potential Individual route were listed in the document.
Individuals will have the flexibility to switch jobs or employers and will also allow eligible individuals to extend their visa and settle in the UK, subject to meeting specific requirements.
The UK Secretary of State for Business, Kwasi Kwarteng, said:
The primary objective is to boost private sector investment across the whole of the UK, creating the right conditions for all businesses to innovate and giving them the confidence to do so.
Global Hub for Innovation
The strategy to boost UK innovation outlines the government’s vision to make Britain a ‘global hub for innovation’ by 2035. In an effort to achieve this, the UK will open its borders to the ‘brightest and best’ from around the world.
The Department for Business, Energy and Industrial Strategy report said:
We know that exceptional people and teams are key to vibrant innovation ecosystems. The location of new high-tech industries around the world is in part a function of where the early scientific and entrepreneurial leadership happened to be located.
To lead the industries of the future, we need to make the UK the best place in the world to work in Research and Development.
However, it has been acknowledged that the UK is currently losing the global ‘battle’ for top talent, with more inventors currently leaving the UK every year than arriving, according to official figures.
Innovation is central to the largest challenges the world faces, from climate change and the ageing society to global pandemics. The UK must be in the vanguard of the response to these challenges.
Now that we have left the EU, we can move quickly to respond to these challenges, and other global opportunities, to cement the UK’s position as a world-leader in science, research and innovation. Furthermore, by supporting innovation in places, sectors, and businesses across the UK, we can level up the economy and create high-value new jobs and trading opportunities as we build back better.UK Secretary of State for Business Kwasi Kwarteng
The announcement of the new UK visa rule comes after the Home Office officially opened the new look Graduate Visa route on 1 July. The Graduate route allows students to work or search for work in the UK for a maximum period of two years, or three years for PhD students, following graduation.
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