Financial documents for 50k investment from Grad Entre.

[Bishmedia]

Hi,

Can someone provide a checklist or clarify what Financial documents are needed for the £50k investment route if the money is invested from a bank account in the US to my UK bank account?
Perhaps show examples if you have it?

Very much appreciated!

It says
" Money held by the applicant for less than 90 consecutive days, ending no earlier than 31 days before the date of application, where the source of that money is other than those in row 1 above. (vi) and (vii), and, either (ix) or (x) as appropriate

(vi) An original written declaration from each third party that they have made the money available to invest in the applicant’s business in the UK, containing:
(1) the names of the third party and the applicant (and their entrepreneurial team partner’s name where relevant), or the name of the applicant’s business,
(2) the date of the declaration,
(3) the applicant’s signature and the signature of the third party (and the signature of the applicant’s entrepreneurial team partner where relevant),
(4) the amount of money available in pounds sterling,
(5) the relationship(s) of the third party to the applicant,
(6) if the third party is another business in which the applicant is self-employed or a director, evidence of the applicant’s status within that business and that the applicant is the sole controller of that business’s finances, or, where the applicant is not the sole controller, the letter must be signed by another authorised official of that business who is not the applicant, and
(7) confirmation that the money will remain available until such time as it is transferred to the applicant, the entrepreneurial team or the applicant’s business.

(vii) A letter (or letters) from one or more legal representatives, who are not the applicant or the third party, which confirm(s) that the declaration(s) from the third party or parties mentioned in (vi) and letters from financial institutions mentioned in (viii) contain the genuine signatures of the required signatories. The letter(s) must clearly show the registration or authority of the legal representative to practise legally in the country where the third party or the money is.

(x) For money held in the UK, recent original personal bank or building society statements, with the most recent statement being dated no earlier than 31 days before the date of application, which taken altogether show that the relevant required sum of available money is held in the account(s) on the date of the most recent statement(s). In the case described in row 5 of Table 4AA, the statements must show the sum has been held for a consecutive 90 day period of time immediately before the date of the statement.

[marcnath]

Hi,

Can someone provide a checklist or clarify what Financial documents are needed for the £50k investment route if the money is invested from a bank account in the US to my UK bank account?
Perhaps show examples if you have it?

Very much appreciated!

It says
" Money held by the applicant for less than 90 consecutive days, ending no earlier than 31 days before the date of application, where the source of that money is other than those in row 1 above. (vi) and (vii), and, either (ix) or (x) as appropriate

(vi) An original written declaration from each third party that they have made the money available to invest in the applicant’s business in the UK, containing:
(1) the names of the third party and the applicant (and their entrepreneurial team partner’s name where relevant), or the name of the applicant’s business,
(2) the date of the declaration,
(3) the applicant’s signature and the signature of the third party (and the signature of the applicant’s entrepreneurial team partner where relevant),
(4) the amount of money available in pounds sterling,
(5) the relationship(s) of the third party to the applicant,
(6) if the third party is another business in which the applicant is self-employed or a director, evidence of the applicant’s status within that business and that the applicant is the sole controller of that business’s finances, or, where the applicant is not the sole controller, the letter must be signed by another authorised official of that business who is not the applicant, and
(7) confirmation that the money will remain available until such time as it is transferred to the applicant, the entrepreneurial team or the applicant’s business.

(vii) A letter (or letters) from one or more legal representatives, who are not the applicant or the third party, which confirm(s) that the declaration(s) from the third party or parties mentioned in (vi) and letters from financial institutions mentioned in (viii) contain the genuine signatures of the required signatories. The letter(s) must clearly show the registration or authority of the legal representative to practise legally in the country where the third party or the money is.

(x) For money held in the UK, recent original personal bank or building society statements, with the most recent statement being dated no earlier than 31 days before the date of application, which taken altogether show that the relevant required sum of available money is held in the account(s) on the date of the most recent statement(s). In the case described in row 5 of Table 4AA, the statements must show the sum has been held for a consecutive 90 day period of time immediately before the date of the statement.

Your question is confusing.

You say money is invested but the sections you quoted refers to access to funds.

They are different - which is it ?

[Bishmedia]

Sorry for the confusion - it should be access to funds in my personal UK bank account and the source of the money is from my mom in the US where it has been for 90 days prior to her transferring it to me in the UK.

Thanks

[marcnath]

Sorry for the confusion - it should be access to funds in my personal UK bank account and the source of the money is from my mom in the US where it has been for 90 days prior to her transferring it to me in the UK.

Thanks

Right, so you need your bank statements plus the two documents in (vi) in Pg 68 of the guidance.
(vii) is just a certification of the signatory from (vi). Depending on who you go to for that, they probably have their own formats