The government has established a new Tier 1 Graduate Entrepreneur route, under which up to 1,000 students annually can stay in the UK to work on and develop business ideas that are considered to be world-class, with innovative business plans. Because of the difficulty in meeting the requirements for Tier 1 Graduate Entrepreneur it is unlikely that many applicants will qualify for this visa route.
Entrepreneurs who meet the requirements under this new visa route will be able to stay in the UK and then switch into the Tier 1 Entrepreneur visa if they invest £50,000 in their business which should enable them to stay in the UK on a long term basis.
The University of Edinburgh has responded to the development saying repeal of a guaranteed post study work visa, which allowed students from non-EU countries to remain and work for two years after graduating, would be a constraint on economic growth.
Ross Martin, Scotland’s first chief digital officer, has proposed a range of technological solutions geared toward raising productivity in the public and private sectors over the next five years.
Digital Solutions to the Productivity Puzzle has been compiled by SCDO (Scottish Council for Development and Industry) ScotlandIS, The Royal Society of Edinburgh and BT Scotland and calls for the recruitment and training of a new generation of digitilisation specialists in addition to more specialist computer science teachers. Measures will also be taken to drive digital adoption, usage, benefits and skills across business.
Martin's first comment : “Poor productivity performance compared to our pre-financial crash record and to many other economies has bedevilled the Scottish economy in recent years, holding back growth and prosperity. Substantial leaps in productivity are difficult for a developed economy to make, so it will be key to seize this opportunity to work smarter, innovate and internationalise by transforming Scotland into a fully digital nation.”
Strides have been taken in recent years to increase availability of next generation broadband from 41 per cent of premises in 2011 to 85 per cent in 2015 with a target of achieving a 95 per cent rate by March 2018.