Start-up and Innovator Visa Business Plans

There have been recent changes to the way in which non-EEA nationals are required to apply for a visa that allows them to establish and run a business within the UK. As part of the application process, a detailed Business Plan is required to explain their ideas and business strategy. Business Plan Writers UK can help with your application process and assist you in quickly and successfully obtaining visa status.

Two Visa Options

With business-friendly regulations, a competitive tax environment, an educated and talented workforce, and renowned legal and financial systems, the UK is one of the most attractive destinations in the world for entrepreneurs to set up and grow their business. From 29th March 2019, the UK Government discontinued the UK ’Tier 1 Entrepreneur Visa’ category, replacing it with the ’Start-up Visa’ and ’Innovator Visa’ categories.

The Start-up and Innovator visa categories are for non-EEA nationals wishing to set up a business in the UK. To qualify for a visa in either category, applicants must first obtain endorsement from an authorised endorsing body if they can demonstrate that their business idea is a new venture, innovative, viable, and scalable.

STARTUP VISA

The Start-up Visa category is for ambitious entrepreneurs in the early stages of their business who are considered to have high potential and wish to establish a business in the UK for the first time.

Applicants do not need any funds to invest in their business at this stage, and must not have previously set up a business in the UK.
Successful applicants are granted leave for 2 years and can also bring their family members (spouses/partners and children under 18) to the UK.
During the granted period of leave applicants will spend the majority of their time developing their businesses but can also take on other work outside of their businesses, to support themselves.
At the end of 2 years, Startup visa holders can switch into the Innovator category to extend their stay and develop their businesses in the UK.

Read more here: https://www.gov.uk/start-up-visa

INNOVATOR VISA

The Innovator Visa category is for more experienced business people wishing to set up an innovative business in the UK.

Applicants will need a minimum £50,000 funding available to invest in their business.
Successful Innovators are granted leave for 3 years at a time and can also bring their family members (spouses/partners and children under 18) to the UK.
Innovators must work entirely on developing their business ventures and may not take on other employment outside their business. This includes anything which effectively amounts to employment, such as using their own business to hire out their labour to another employer.
After 3 years, Innovators can apply to extend their stay for a further 3 years or to settle permanently in the UK. Each of these 3 stages (initial application, extension, settlement) requires endorsement from an endorsing body.

Read more here: https://www.gov.uk/innovator-visa

Endorsement

The key requirement for both Start-up and Innovator Visas is the need to obtain an endorsement letter from an approved endorsing body. The endorsement letter needs to show that all applications for the Visa have been assessed for three key criteria:

Innovation: The applicant must prove they have a genuine, original business plan that meets new or existing market needs and/or creates a competitive advantage.

Viability: The applicant has the necessary skills, knowledge, experience, and market awareness to successfully run the business.

Scalability: The applicant must evidence structured business planning and the potential for job creation and growth into national and international markets.

The endorser must also be “reasonably satisfied that the applicant will spend the majority of their working time in the UK on developing business ventures”.

List of official endorsing bodies:

https://www.gov.uk/government/publications/endorsing-bodies-start-up
https://www.gov.uk/government/publications/endorsing-bodies-innovator

Extension applications for Tier 1 (Entrepreneur) migrants will remain open until 5 April 2023, and settlement applications until 5 April 2025.

How We Can Help

We can help create the perfect business plan for you to present to the relevant endorsing party and have a range of immigration agents and solicitors we can recommend for you. Our plans are created following a three-step process, which includes a scheduled consultation where we gather details about your business idea, a short research period so we can fill in the gaps of the plan, and the formulation and creative writing of the plan itself.

Having a professional, tailored business plan that showcases your innovative, UK business idea will ensure your Visa application is considered seriously. We work swiftly to ensure your application is considered in a timely fashion, and, if successful, you will gain entry into the United Kingdom as quickly as possible. We have worked with a wide range of clients, including those from Saudi Arabia, Pakistan, Russia, India, China, Canada, and the United States.

If you are interested in applying for a UK Start-up or Innovator Visa, reach out to us and see how our team can help you in the process.

THE PROCESS IS EASY

Our job is to take the stress out of writing your business plan.

SIMPLE STEPS

1 Free Consultation Call

2 Information Gathering

3 First Draft

4 Revisions

5 Final Draft and Handover

Click here for more details on the process

HOW MUCH DOES IT COST?

We try to make our business plans affordable, accessible to all business sizes, and are confident they represent great value for money.
The cost of a plan will depend on the level of detail required, the complexity of the business model, and the nature of your audience. After we have had an initial discussion with you, we are able to accurately quote for projects based on the amount of work required.
Every plan is different and is written specifically for the individual client’s needs. This means that the number of weeks it takes to write a plan can vary.

For more information on pricing please click here

What Our Satisfied Clients Say

I initially set upon finding a professional business plan writing service to deliver a BP that would attract investors to my business, after discussing options with many different providers I made the choice to choose the 'Business Plan Writers UK’ based on initial discussions with my designated plan writing expert. The initial contact gave me confidence in the fact that I was in the right hands and that the person on the end of the phone was exceptionally knowledgeable and very capable. Not only did I receive my very detailed plan on time but I also gained expert knowledge along the way. I would highly recommend the business plan writers the UK to anyone wanting a professional, accurate and timely business plan.

Darren Jacks

As a start-up company, I knew the importance of having a thorough and well-written business plan. In my search for a company that would be able to write my business plan, I was fortunate to find the Business Plan Writers UK team. The business plan that they wrote was engaging, informative, and well-detailed. One of our investors called it an “excellent business plan.” I would highly recommend them to anyone who is serious about finding funding for their project.

Mark Savvidou

Rather than the typical client/vendor relationship I'm used to, the 'Business Plan Writers UK' team has been more like a strategic partner and trusted advisor. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. They have exceeded my expectations in every way possible during this exciting time of starting & ultimately growing my business.

Ian Reid