Latest Statistics on Entrepreneurial Migrants are looking positive and encouraging for the UK. It seems that UK’s effort to put Great Britain on the Entrepreneurial map of place to be to start a business are proving successful.
As I wrote last month, 2014 is sounding promising for Tech and Startups in the UK. Here is a recap of what are the latest numbers as well as what is happening this month and next on the topic.
Latest Numbers for 2013
Latest statistics available show a growing demand for the Entrepreneur visa. With an all time high of 1943 applications for the Entrepreneur Visa in the first three-quarter of 2013, the UK accepted 912 foreign entrepreneurs from January 2013 until October 2013. Future stats on what the October-December period looks like will be interesting to look at: are they going to confirm a growing demand?
Where are they from?
The majority of them came from four major countries: Pakistan (21%), China (12%), the US (9%) and India (7%). Following that Top 4, are Russia (5%), Australia (5%), Iran (4%), Canada (4%), Egypt (3.5%), Nigeria (3%) and Hong Kong (2.5%).
Here below, you can find a map that summarises this data from 2008. You can already see that Pakistan, China and India as well as the US were already well on top before 2013 except for Hong-Kong (Welcome!)
This morning, I had the pleasure to discuss about the contribution made by foreign entrepreneurs to the UK economy at the Centre for Entrepreneurs. In March, the Centre will launch a set of raw data on the number of foreign founded companies in the UK for the last 20 years out of data from the Company House Registry. The Centre for Entrepreneurs, led by Matt Smith as also kindly offered us, Migreat, to host a roundtable on the launch of our report on the UK Entrepreneur Visa.
I have to mention the great work done by Tech London Advocates on the matter of highly-skilled migrants. Since November 2012, the TLA has been actively talking to the Home Office to report the voice of the Tech Industry on the difficulties to hire migrants for startups and for tech businesses. We already mentioned the successful Google Hangout they organised last January, which allowed small businesses to voice out their concerns directly to the Home Office online.
This feedback and work is on good way from the word of Bindi Kira from Silicon Valley Bank and Pat Saini from Penningtons with whom I was invited to discuss this morning for a podcast on “Immigration, Technology and businesses” moderate by Julian Blake from Tech City Insider. They reported that the Home Office is listening and actively preparing changes that will ease the recruitment of highly-skilled migrants the Tech Industry needs in 2014.
It is exciting to see that more and more organisation in the Tech and Startup Space are interested in the contribution of migrant entrepreneurs to the UK economy and the problem they face in the UK. If you are indeed interested on the topic, watch-out this space for more news and data on the topic. Not only this blog will cover UK news but France (which has just release a new visa for talented people), Germany, the US and many more this year to come.
For more details on UK’s Entrepreneur visa, please check Migreat’s paralegal on Entrepreneur Visas.
Don’t hesitate to visit www.migreat.com for all what you need to know about visas to the UK, France and Italy.
For help on Visa and immigration, you can use Migreat visa tool: it is a free and simple assessment of your visa options to the UK that will generate a to-do list of documents and steps to take to apply for the visa.
Source: Home office Stats.