From: RegTech Analyst
As the FinTech and RegTech industries brace for the UK’s imminent divorce from the EU, a new report reveals that tech visa applications have increased in the past two years.
One of the key concerns for the sectors have been how they would be able to ensure a steady stream of talent for their sectors after Brexit.
The UK’s global talent visa is one solution to the problem.
Tech Nation is on of the official bodies embracing the visa. In a new report, the organisation revealed that tech talent visa applications have jumped over the two years, with 45% and 48% increases per year.
Since November 2018, the Tech Nation Global Talent Visa has received 1,975 applications and endorsed 920 visas from over 50 countries worldwide. Demand is expected to increase in 2021 with the EU coming into the route.
52% of those endorsed for the Tech Nation Global Talent Visa since 2014 are employees at some of the UK’s leading tech firms and 28% are tech founders.
“It’s no surprise the UK’s world-beating technology sector appeals to international talent,” said Caroline Dinenage, minister for digital and culture. “Our dynamic companies reflect the UK’s long-standing reputation for innovation and are renowned on the global stage. We are open to the brightest and the best talent, and this visa scheme makes it easier for companies across the country to recruit the talent they need to grow.”
Stephen Kelly, chair of Tech Nation, added, “The UK is a global talent magnet for Tech founders. The UK provides rich opportunities for entrepreneurs to set up, flourish and scale a business. The Global Talent Visa is crucial to making this process easy and accessible. Tech Nation’s Visa Report shows that, despite the pandemic, international interest to work in the UK tech sector has never been higher. Attracting tomorrow’s tech leaders to the UK is crucial to the continued growth of the sector, the UK’s place in the world, and driving the nation through recovery to growth in the digital age.”
Sumit Janmejai, data-driven cybersecurity professional at Capgemini, also commented, “Having studied in the UK and worked with UK professionals, I could appreciate the fact that the UK is fast becoming the center of innovation, research and development in the Tech Industry. Besides that, the country offers an excellent life, welcoming culture, and a safe environment. It was an easy choice.”
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