Foreign tech experts can apply for fast-track visas from April next year, David Cameron will announce today.
On a visit to East London to celebrate Tech City UK’s third birthday, the PM is also expected to pledge a £15.5m funding package to support tech firms.
Cameron will say: “The world of business is changing rapidly and one of the most promising opportunities for new jobs and growth lies within a new wave of high growth, highly innovative digital businesses.
“This is why, as part of our plan to help Britain succeed, we established Tech City UK to support the creation of a technology cluster in east London and committed to help these businesses to become cornerstones of our economy.
“The combination of the right policies, the right people and the right programmes, backed by a Government that listens and takes action, has led to some of the world’s best entrepreneurs and their companies choosing the UK as their home.
“As well as backing the businesses of today, we are also backing the businesses of the future and in just three years we have seen London become a leading centre for innovation, helping to drive our economic recovery.”
The news comes after a report by Tech City UK found that the number of tech firms in London have doubled in three years.