The Government has unveiled a package of measures designed to help some of the UK’s fastest-growing companies scale more quickly, including a new visa reimbursement scheme and a bespoke “concierge” service aimed at removing barriers to growth.
The plans, announced by Business & Trade Secretary Peter Kyle during London Tech Week, form part of the Government’s ambition to create the conditions for the UK’s first trillion-dollar company. The package combines targeted support for scale-ups with measures intended to make it easier for businesses in key sectors to recruit highly skilled international workers.
Among the headline measures is a new scheme that will reimburse visa fees for scale-ups operating in digital and technology, life sciences and clean energy, helping them recruit overseas talent more easily.
The Government is also introducing a fast-track route for UK Expansion Worker sponsor licences and launching a dedicated concierge service to help high-potential firms navigate challenges such as regulation, finance, procurement and talent acquisition.
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