You will score 75 points if you have access to at least £200,000.
Alternatively, you will score 75 points if you have access to at least £50,000 from:
- 1 or more venture capital firms regulated by the Financial Services Authority;
- UK entrepreneurial seed funding competitions listed as endorsed on the UK Trade & Investment website; and/or
- 1 or more UK government departments or devolved government departments in Scotland, Wales or Northern Ireland, which have made the funds available for the specific purpose of establishing or expanding a UK business.
specific purpose of establishing or expanding a UK business.
In all cases, the available funds must be:
- held in 1 or more regulated financial institutions; and
- disposable (free for you to spend) in the UK
You will need to send us evidence to prove that you meet these requirements. The Documents required section explains what you will need to send.
We will not accept evidence of your money from a financial institution that we are unable to make satisfactory verification checks. A list of financial institutions which do not satisfactorily verify financial statements can be found on the right side of this page.
You and 1 other person can form an 'entrepreneurial team', which means that you can both apply under Tier 1 (Entrepreneur) and score points for access to the same investment funds. Both of you must have equal access to and be able to dispose of the money freely in the UK. You must provide a declaration that the money is available to you and your entrepreneurial team member, or to the business that you or your team member are running. If either of you has successfully applied under Tier 1 (Entrepreneur) with any other applicant in the past, based on the same funds that you are using in this application, you cannot form a new entrepreneurial team with those same funds.
If any funds are in overseas currency, we will calculate their value in pounds sterling using the exchange rate that is published on the OANDA website on your application date.
If you have access to at least £200,000
You can score points if you can prove that you have access to £200,000. This can be your own money or money made available by other people (known as 'third parties'). A husband, wife or partner is a third party.
If you are basing your application on funds from third parties, each of them must make a declaration that the funds are available to you or to the business that you are running. A legal representative must confirm that the declaration is valid. If you have formed an entrepreneurial team and you are relying on funds from third parties, each third party must confirm that the funds are available to both you and the other member of the team.
If you have already invested all or part of the funds in cash directly into one or more businesses in the UK
If you have already legally established a business in the UK while under a different immigration category, you may use funds already invested, if the investment satisfies the requirements. If all of the money needed has been invested, all of the 75 points can be awarded.
The money used for the investment will only qualify for the award of points if that investment was made within the 12 calendar months before the date of application. If you made the investment in the business more than 12 months before applying to enter the category we will not consider it. In this case you must make a further full investment of sufficient money in the 12 months before the application, or have access to sufficient money, to meet the requirements.
If you have access to at least £50,000 from venture capital firms, seed funding competitions and/or UK government departments or devolved government departments in Scotland, Wales or Northern Ireland
You can score points if you can prove that you have access to £50,000 from 1 or more of the following organisations:
- venture capital firms which are regulated and listed as venture capital firms by the Financial Services Authority (FSA) - you can find out more about venture capital on the UK government'sBusiness Link website; and/or
- UK entrepreneurial seed funding competitions which are listed as endorsed on the UK Trade & Investment website; and/or
- UK government departments or devolved government departments in Scotland, Wales or Northern Ireland, if they make the funds available for the specific purpose of establishing or expanding a UK business - the Directgov website contains information about UK government departments.
All of the £50,000 must come from these acceptable organisations - you cannot include your own funds or funds from other third parties. If you want to include these funds, you must have a total of £200,000 to invest in UK business.