Entrepreneurs

Requirements

• access to funds (minimum £50,000 with other requirements)
• English language
• Maintenance funds

Applicants are selected on a points-based system, including:

25 points for:

• Access to not less than £2000,000

or

• Access to not less than £50,000 from:

• 1 or more registered venture capital firms regulated by the Financial Services Authority; or
• 1 or more UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade and Investment website, or
• 1 or more UK government departments or devolved governments in Scotland, Wales or Northern Ireland, which have made the funds available for the specific purposes of establishing or expanding a UK business

or

• Access to not less than £50,000 and are applying for leave to remain, and have or were last granted leave as a Tier 1 (Graduate entrepreneur) migrant

or

• Access to not less than £50,000 and

• are applying for leave to remain, and
• were last granted leave as a Tier 1 (Post-study work) migrant; and
• were registered with HM revenue and Customs as self-employed, or registered director of a new or existing business no more than 3 months before your application, and
• are engaged in business activity, other than the work necessary to administer your business.  The applicant’s occupation must appear on the list of occupations at the National Qualifications Framework level 4 and above

25 points each for:

• funds held in (a) regulated UK institution(s)
• funds disposable in the UK

10 points for meeting English language requirements to a particular standard

and

10 points for having enough funds to support self in the UK