David Cameron has called for industries to create fast-track visa schemes in the UK for talented workers.
Tech City UK will work with the Home Office in order to facilitate a visa scheme by April 2014, allowing foreign entrepreneurs with the right skill set to gain access to the UK job market.
The visa scheme will now free up businesses, such as it start-ups situated in Tech City, to employ workers from a wide variety of sources, freeing firms from being restricted to a limited pool of talent and helping UK businesses react to skills shortages.
The Prime Minister said: “We are determined to build a rebalanced economy across the country and get behind the entrepreneurs imagining a new tomorrow in the dozens of technology clusters, accelerators and start-up incubators across Britain."
He added that: "Today, Tech City serves not only as an example of how a city can be transformed into an engine for growth and innovation, but it is also a blueprint for fostering growth that has been recognised globally".
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