UK Innovator Visa

Applying for a UK Innovator Visa

The Tier 1 (Entrepreneur) Visa pathway was officially replaced by the new Innovator Visa at the end of March in 2019. Under the terms of the new scheme, the individual applying must obtain formal endorsement from an approved body, though the initial investment requirement has been reduced.

Eligibility Under the Innovator Visa Pathway

The new Innovator Visa scheme is open exclusively to those who can both provide evidence of their business acumen and demonstrate that they have a viable business idea.

The viability and relevance of the business idea will be scrutinised by both the endorsing body and the Home Office. This will include a thorough assessment of your business plan, the documentary evidence you provide and your own experience and expertise.

It is also possible that you will be interviewed directly, during which additional questions will be asked on your business idea and your intentions upon gaining entry to the UK. If you have any questions regarding the Innovator Visa scheme or would like to discuss your eligibility in more detail, contact a member of the team at Aristone Solicitors today.

What Are the Eligibility Requirements?

The Innovator Visa pathway has radically altered the eligibility requirements of the previous Tier 1 (Entrepreneur) scheme. The most important criteria you will need to meet in order for your application to be considered are as follows:

  • Formal endorsement from an approved and recognised body must be obtained, prior to your application being submitted
  • The endorsing body must contact the applicant at six, 12 and 24 months after entering the UK, to ensure their business is making sufficient progress
  • The previous £200,000 minimum investment amount has been reduced to a much more accessible £50,000 under the new scheme
  • A grasp of the English language at B2 Level must also be demonstrated – increased from the previous B1 Level requirement

No specific limitations are placed on how long the individual may be permitted to remain in the UK, but confirmation of continuous endorsement must be provided upon requesting an extension to an existing Innovator Visa.

What Are the Criteria for Endorsement?

The endorsement is necessary to verify the validity and value of your business idea to the Home Office.  An endorsement can only be provided by a recognized body of the business organization, such as Chambers of Commerce.

You will need to create and submit a detailed business plan, along with financial projections and evidence of your experience and expertise. Other than this, there are three basic requirements all applicants must fulfil, in order to qualify:

  • Innovation – You must verify that your proposed business meets a genuine market requirement (new or existing), or creates a competitive advantage
  • Viability – Evidence should be presented to prove that the business idea is viable. You will need to prove you have the skills, knowledge and acumen to make the business a success.
  • Scalability – Provision of evidence of structured planning and growth opportunities, along with the potential for job creation.

How Aristone Solicitors Can Help

At Aristone Solicitors, we can provide the expert advice and support you need to ensure a smooth and streamlined application process. Whether in the midst of an Innovator Visa application of planning ahead, we’ll ensure your case is presented with the robust evidence required to ensure its success.

Call anytime for an obligation-free consultation, or email Aristone Solicitors and we’ll get back to you as soon as possible.

Stay Up To Date With Our Latest News

Got a question?

We are glad that you preferred to contact us. Please fill our short form and one of our friendly team members will contact you back.

    Request a call


    Covid-19 business update: We are still open for business

    We’d like to take this opportunity to reassure you and our loyal clients that Aristone are operating as usual following Government guidelines.

    We have made changes to ensure that we can continue to provide you with the high quality services you expect from us. Our staff have been briefed and we have put the appropriate measures in place to assist with mitigating any risks. Our contingency plans are robust and have been proved to be effective over the last few weeks, and we continue to deliver our services to you.

    Learn more about our exclusive services we offer to businesses impacted by Covid-19:

    Terms and Conditions*:

    • In order to be eligible for the offers, you must instruct us using
      the same email address used during the sign- up for the newsletters.
    • The email address must remain the same and used to liaise until the matter closure.
    • You will be eligible for a 10% discount on your total conveyancing costs, once you sign our client care letter.
    • You will be eligible for a Free Will only when your conveyancing matter file is closed and the bills for the same are cleared.
    • Though Aristone carry out regular checks to confirm your eligibility, this may not always be practicable or possible and consequently we urge all clients to claim their free Will and 10% discount off Conveyancing fees by emailing the appropriate case handler with a print screen of the news letter subscription.
    • Subscribe to our newsletter for a FREE WILL, and get 10% off Residential conveyancing fees*,