UK Immigration: London’s Tech Sector to create 46,000 Jobs in the Capital by 2024

According to a recent study, UK immigration laws are going to be loosened as the number of Tier 2 skilled IT and tech workers are expected to increase over the next decade, with technology firms proposing to bring migrants on Exceptional Talent visas. London Technology week kicked off on 16 June 2014, which is expected to draw in 30,000 international entrepreneurs and investors to London.

The Tier 1 Entrepreneur Visa route under the Points Based System (PBS) demonstrates the UK Government’s desire to attract high net worth individuals from outside the EEA, who wish to invest in the UK by setting up or taking over, and being actively involved in the running of a business or businesses in the UK. The government encourages wealthy individuals to invest in the UK as it believes that they are essential for renewed economic growth in the UK. In attendance will be leading tech companies such as Microsoft and Google, alongside a number of British firms. It has been reported that London’s tech sector is going to create 46,000 jobs in the Capital by 2024. Which means the present workforce will rise by over 30% and create an additional £12bn to economic activity.

London Technology Week: London is Global Hub for the most Inspiring Businesses and the Best Talent in the World

The first London Technology event started this week. The biggest names in the tech sector will be part of the 200 plus events across London. Gordon InnesCEO of London & Partners, the official promoters for London Technology week said: 

“This is just another milestone for London’s tech business sector and cements London’s status as a global hub for the tech industry. Our capital continues to play home to some of the most inspiring businesses and the best talent in the world. Like London Fashion Week is for the Fashion Industry, we hope this brand new event will be a global magnet for the world’s tech sector.”

Reuter, estimated that London’s technology sector could grow by 5.1% per year for the next 10 years. This means that there will be an additional £12bn to economic activity and 46,000 new job will be created, stating that this will be 30% more than the 155,600 currently employed in the tech sector. According to the Oxford Economics for London promotional organisation London & Partners,  the growth in the number of jobs in the tech sector would be helped if there are changes to the current immigration laws. One of the proposed changes is to allow technology firms to bring migrants on Exceptional Talent visas, as there is currently a cap of 200 on the number of IT workers who will be able to get these visas each year.

Sir Richard Branson: The Tech Entrepreneurial spirit in London is thriving

In a separate study, London is revealed to employ more workers in the technology sector than New York or San Francisco. English business magnate and investor, Sir Richard Branson commented on the growth of London’s tech sector:

“The tech entrepreneurial spirit in London is thriving. Today there are more great ideas, investors and working spaces across the city. It’s a great time to showcase the capital’s successes and opportunities to the global tech sector and demonstrate what London has to offer.”

Successful UK Visa Applications for Skilled & Talented Workers

It remains to be seen how the government now deals with the shortage; we reported last month that the Immigration Minister James Brokenshire had planned to extend the Tier 1 Exceptional Talent Visa Route so it would include endorsements by Tech City UK as well as making it easier for applicants in this category to apply from overseas.

Our team of experienced and professionally qualified immigration solicitors and barristers will be able to guide you through the process of making a Tier 1 Exceptional Talent visa application or Tier 2 General migrant visa application step by step and limit the possibility of failure by complying with the strict letter of law.

We also undertake a great deal of appeal work before the Immigration and Asylum Tribunal and have a successful track record of successful results for our clients. We have the experience and the knowledge required to take your case forward successfully. If you have had a visa refused, contact us to discuss your case so that we can provide you with a case assessment.

Contact us so that we can review your case and provide you with an assessment.

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