Third party investor letter for Graduate entrepreneur

[Dkala]

Dear All,

I am a graduate entrepreneur who is trying to switch to the Entrepreneur visa category.
But I planned to use Third party funding which is held in my investors saving account.
We tried many time to acquire a letter from the bank stating that the funding is available for me when I need it for the business.
But UK banks are refusing to sign it.

Is there anything that I can do.

I am genuinely running the business in the UK for past two years and I have genuinely approached these people for the business.

[marcnath]

Dear All,

I am a graduate entrepreneur who is trying to switch to the Entrepreneur visa category.
But I planned to use Third party funding which is held in my investors saving account.
We tried many time to acquire a letter from the bank stating that the funding is available for me when I need it for the business.
But UK banks are refusing to sign it.

Is there anything that I can do.

I am genuinely running the business in the UK for past two years and I have genuinely approached these people for the business.

You mention "investors". Investor money is not third party funding.
Third party funding is when the third party is going to give you the money.
So can you clarify which it is ?

[Dkhala]

Dear marchanth,

First of all I am the person who posted above question. But for some reason I can not logging to my account.
That is why I open a new account.
It is third party funding where third party provide me with declaration and legal declaration.

But the banks are refusing to issue a letter.

Thanks.

[marcnath]

Dear marchanth,

First of all I am the person who posted above question. But for some reason I can not logging to my account.
That is why I open a new account.
It is third party funding where third party provide me with declaration and legal declaration.

But the banks are refusing to issue a letter.

Thanks.

Your option is to have the money transferred to your own account, in which case just the declaration from the third party (together with a legal declaration) is sufficient.

[Dkhala]

Hi ,
I don't think that is possible as they are investing money in staged delivery.
That mean depending on my achievements they transfer the money in smaller chunks.
Is there any other way to justify this?

Thanks.

[marcnath]

Hi ,
I don't think that is possible as they are investing money in staged delivery.
That mean depending on my achievements they transfer the money in smaller chunks.
Is there any other way to justify this?

Thanks.

Unfortunately, that approach will not satisfy UKVI. The expectation is that the money is unconditionally available to you, so if they add that kind of a condition in their own letter, it would definitely not be acceptable.
Your other option is to try and see if you can use the Tier 1 Graduate Entrepreneur route. You don't need to show the investment now, you have two years during which you can start your business, get the investment and then convert to Tier 1 Entrepreneur when you have everything in place.

[CR001]

Hi ,
I don't think that is possible as they are investing money in staged delivery.
That mean depending on my achievements they transfer the money in smaller chunks.
Is there any other way to justify this?

Thanks.

Unfortunately, that approach will not satisfy UKVI. The expectation is that the money is unconditionally available to you, so if they add that kind of a condition in their own letter, it would definitely not be acceptable.
Your other option is to try and see if you can use the Tier 1 Graduate Entrepreneur route. You don't need to show the investment now, you have two years during which you can start your business, get the investment and then convert to Tier 1 Entrepreneur when you have everything in place.

The OP is already on the T1E Graduate visa and looking to apply for T1E normal route.

I am a graduate entrepreneur who is trying to switch to the Entrepreneur visa category.

[marcnath]

Oops! - Missed that. Thanks @CR001

So that does not leave any other options.