Q&As

When a Tier 1 (Graduate Entrepreneur) migrant successfully switches to the Tier 1 (Entrepreneur) category using the £50,000 route, what is the minimum level of funds required for extension purposes?

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Produced in partnership with Gary McIndoe of Latitude Law
Published on LexisPSL on 27/03/2019

The following Immigration Q&A produced in partnership with Gary McIndoe of Latitude Law provides comprehensive and up to date legal information covering:

  • When a Tier 1 (Graduate Entrepreneur) migrant successfully switches to the Tier 1 (Entrepreneur) category using the £50,000 route, what is the minimum level of funds required for extension purposes?

When a Tier 1 (Graduate Entrepreneur) migrant successfully switches to the Tier 1 (Entrepreneur) category using the £50,000 route, what is the minimum level of funds required for extension purposes?

This Q&A does not consider the entrepreneur accelerated settlement provisions.

Tier 1 (Graduate Entrepreneurs) typically secure leave to enter or remain in the UK after graduating from a UK higher education institution which certified that they had developed genuine and credible business ideas and entrepreneurial skills to extend their stay in the UK, and to establish one or more businesses in the UK. The alternative route, for overseas graduates who receive similar endorsement from the Department for International Trade as elite global graduate entrepreneurs, is less commonly used.

A grant of leave in this category is for 12 months, which is then extendable for up to 24 months. Although it is not able to be extended further, it does afford an individual the opportunity to switch into the mainstream Tier 1 (Entrepreneur) category on favourable terms. Such an in-country application will be considered with reference to the following principal provisions of the Immigration Rules:

  1. Immigration Rules, Part 6A, para 245DD: Aside from confirming the ability to switch in-country, this rule contains no additional requirements for a Tier 1 (Graduate Entrepreneur). They must, for example, still meet the genuine entrepreneur test—something that ought to be easier for them,

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