Several
businesses are choosing to scale up their Start-ups in the UK instead of
nations in Eastern Europe. Below are the 3 most vital factors that make the UK
ideal for Start-ups:
1. Talent
The UK
unquestionably has the ability to compete with Silicon Valley when it comes to
attracting overseas talents. London is
largely considered as the talent hub for Europe. It has the largest pool of
talents and houses more Unicorns and Start-ups than any other European nation.
The UK Home
Secretary announced the new UK Start-up
Visa route with the aim of expanding the pool of Entrepreneur talents. This
was also aimed at making the Visa process smoother and more efficient for those
arriving at the UK.
2. Fiscal resources
The UK has the
largest capital funds in Europe for starting Tech Start-ups when it comes to
financial resources. In just 2017, 71
Billion Euros were raised. This was a record year in terms of Start-up
investment and this continues to increase, as quoted by the Entrepreneur.
There are
abundant schemes for investment in the UK for setting up Start-ups and this
facilitates expansion and growth. The incentives
to launch a business in the UK are more attractive than ever. Some of the
bodies that offer financial and practical guidance include:
• Enterprise Investment Schemes
• Collective Investment Schemes
• Seed Enterprise Investment Schemes
3. Attitude
Being incredibly
resilient is an essential aspect of entrepreneurial behaviour. The UK obviously
has an established background and
network for fostering Start-ups and innovation. This offers a safe setting
for budding entrepreneurs and a verified method to assist people in excelling
in the scale-up phase.
Thus, the UK
possesses the most diverse talent pool and an excellent network of mentor,
accelerator and funding programs. As of now, it remains one of the best places
globally to start a business.
Y-Axis offers a
wide range of Visa and Immigration services as well as products to overseas
immigrants including UK Tier
1 Entrepreneur Visa, Business
Visa for the UK, Study Visa
for the UK, Visit Visa
for the UK, and Work Visa
for the UK.
If you are
looking to Study, Work, Visit, Invest or Migrate to the UK, talk to
Y-Axis, the World’s No.1 Immigration & Visa Company.
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