Changes in Immigration rules - Innovator visa route

Below are the changes in Innovator Founder route Immigration Rules which are being laid on 9 March 2023 and the same will come into effect on 13 April 2023.
The Innovator Founder route removes the £50k minimum funds requirement currently applied to those coming to the UK to establish an innovative business in order to make more flexible provision for those with a genuine proposal for an innovative business and sufficient funds to deliver it. The changes relax existing restrictions on innovators engaging in employment outside the running of their business, provided such secondary employment is in a skilled role (i.e., at least skilled to RQF Level 3).
"The changes close the existing Start-up route to new initial applications except where they are supported by endorsements issued before 13 April 2023. With the removal of the £50k minimum funds requirement for Innovator Founders, it is no longer necessary to retain a separate route for start-up entrepreneurs that do not have access to this level of funds. This means that applicants who would not meet the existing £50K requirement will be able to obtain permission for three years from the outset, rather than the one year granted to Start-up route applicants under existing arrangements.
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