UK government’s migration advisory committee (MAC) is consulting on the ways for tightening the rules of the entrepreneur visa, it is the visa which allows foreign citizens to visit UK for starting their business and Tier 2 skilled work visas that are used by many technology start-up firms for bringing the IT and engineering talented students from foreign.
The country’s technology entrepreneurs has already warned the UK government that the plans for curbing the skill worker numbers to the UK would squeeze the growth ambitions and will pull down the economy.
As many as 230 investors and technology startups have challenge the Prime Minister for reconsidering the plans to place more restrictions on the skilled migration claiming that this will confine the growth and will also hurt the digital economy of the UK.
One of the ways that government can make this Tier 2 visa less accessible for technology startups is to increase the least salary threshold so that visa only applies to roles with director level they said.
UK’s digital economy is estimated to be representing 10%of the GDP of the UK, and it is the fastest and biggest growing of G20, and it is also set to hit 12% of the GDP next year.
In the year 2015, the shortage of skills in Britain has worsened for the fourth consecutive year. Now with the demands outshining the supply, many startup companies could not appoint the domestic developers.
Decreasing the skilled migration amount can hinder growth of UK’s popular startups, and they will also put a negative impact on the technology sector.
The startups and investors has praised the government’s support for technology community through the schemes like SEIS.
Although, the UK government recently relaxed the rules of Tier 1 visa for helping the tech companies for accessing the talent from abroad.