Question on Funds

[londonbound]

My reading of the UK Ent visa is that you need either 200k of your money or 50k from the listed sources but those sources don't say just a regular loan from a bank it lists seed money competitions or VC funds. I notice in almost all posts people refer to the 50k route so have all of you gotten VC funds or the seed competition? Or am I reading it wrong and a bank loan of 50k will work?

[londonbound]

Still need help thanks

[Princess of Ammi]

you are reading right to some extend but 50,000(so called) route is for or used by applicants already on PSW visas, in order to apply for tier 1 (Ent.) an applicant is expected to have 50,000 in his possession is what you reading and you should amuse by 50,000 route posts as there would have been rare number of applicants(being on PSW) applied under 50,000 Capital venture provision.

as seen Capital venture is normally used by ones who on tier 4 wanted to switch into tier 1(ent) as 50,000 through capital venture could facilitate both tier4(students) and tier 1 PSW while being on tier 4 it is only 50,000 capital venture scheme enables a switch into tier 1(ent). there is no bank loans neither allowed nor accepted for both provisions.

you should read the policy along posts will make your mind clear about everything agonizing you

[BlackBirdSSG]

£50K route for PSW ONLY
- Must show funds of their own (available or already invested)
- Must run business


£50K route for Tier 1/2/4/Outside UK (via listed FCA regulated bodies)
- Must show business proposal
- Must show approval letters by FCA regulated body