Latest news with #GlobalTalentFund
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
UK launches £54 mn Global Talent Taskforce to attract skilled foreigners
Opportunity for skilled Indians! The UK on Monday unveiled a new Global Talent Taskforce backed by a £54 million Global Talent Fund to attract top science and tech professionals from across the world to relocate and strengthen British expertise in critical sectors. The Department for Science, Innovation and Technology (DSIT) said the taskforce would support researchers, entrepreneurs, investors, senior-level engineers and creatives, working closely with the UK's global missions to build a pipeline of talent interested in moving to Britain. What the fund will cover The Global Talent Fund will support relocation and research costs over a five-year period, starting in 2025. Funding will be allocated via the UK Research and Innovation (UKRI) body to leading universities and research institutions. These organisations will be responsible for identifying and targeting individuals in line with the UK's newly announced Industrial Strategy focused on economic growth. 'Genius is not bound by geography. But the UK is one of the few places blessed with the infrastructure, skills base, world-class institutions and international ties needed to fertilise brilliant ideas,' said Peter Kyle, UK Secretary for Science and Technology. 'My message to those who are advancing new ideas, wherever they are, is simple: we want to work with you, to support you, and to give you a home where you can make your ideas a reality we all benefit from,' he said. The taskforce will report directly to Prime Minister Keir Starmer and Chancellor Rachel Reeves. It will build on proposals in the UK's Immigration White Paper to attract global researchers, including changes to the High Potential Individual visa route. 'Competition for elite global talent is high, and by establishing this taskforce we are solidifying our position as the first choice for the world's brightest sparks,' said Jonathan Reynolds, UK Business and Trade Secretary. The government has said this drive will not affect net migration figures, referring to the balance between people arriving and leaving the country. Role of universities Universities will play a central role in delivering this effort, using their networks and expertise to bring top global talent into British labs and industries. 'UK universities are already pivotal players in attracting global talent and the creation of the Taskforce and Fund will further leverage their role in building our future technologies and driving long-term growth,' said Vivienne Stern, Chief Executive of Universities UK. Global Talent visa and India's prospects Lord Patrick Vallance, Britain's minister for science, research and innovation, flagged the Global Talent visa as a key instrument in attracting scientists and innovators. Speaking at the India Global Forum's Future Frontiers Forum in London on June 20, he said the UK must deepen academic and scientific partnerships with India. The Global Talent visa is open to individuals in science, humanities, digital tech, arts and culture. It does not require a job offer or employer sponsorship and allows fast-track entry for those endorsed by approved bodies. This visa was mentioned in the UK's May Immigration White Paper, which proposed simplifying applications for top global experts. Why this matters for Indians India has emerged as a global research hub. It ranked in the top five for 45 out of 64 critical technologies in 2023, up from 37 in the previous year, according to the Critical Technology Tracker by the Australian Strategic Policy Institute. The country overtook the US in areas like biological manufacturing and distributed ledger technologies. With continued Indian interest in moving to the UK for research and work, this taskforce and visa expansion opens doors for scientists, engineers and digital experts from India to bring their skills to Britain.
Time of India
2 days ago
- Business
- Time of India
UK launches new taskforce and fund to attract global science, tech talent
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The UK on Monday unveiled a new Global Talent Taskforce backed up by a GBP 54 million Global Talent Fund to attract the world's top science and technology talent to relocate to the country and enhance British expertise in the government's Department for Science, Innovation and Technology (DSIT) said the taskforce will support researchers, entrepreneurs, investors, top-tier managerial and engineering talent and high-calibre creatives to work closely with the UK's international presence to build a pipeline of talent who want to come to related fund, which is designed to attract world-class researchers and their teams to the UK, will cover relocation and research costs over five years starting this year."Genius is not bound by geography. But the UK is one of the few places blessed with the infrastructure, skills base, world-class institutions and international ties needed to fertilise brilliant ideas, and turn them into new medicines that save lives, new products that make our lives easier, and even entirely new jobs and industries," said UK Science and Tech Secretary Peter Kyle."My message to those who are advancing new ideas, wherever they are, is simple: we want to work with you, to support you, and to give you a home where you can make your ideas a reality we all benefit from," he taskforce will report directly to UK Prime Minister Keir Starmer and Chancellor Rachel Reeves, and the linked Global Talent Fund will be allocated over the coming weeks via the UK Research and Innovation (UKRI) public body to leading universities and other research organisations will be expected to use their expertise to select and target the right talent, aligned with the overarching objectives of the government's new Industrial Strategy aimed at boosting economic growth, also released this week."Competition for elite global talent is high, and by establishing this taskforce we are solidifying our position as the first choice for the world's brightest sparks, as well as turbocharging innovation in medicines and inventions of the future, boosting British business and putting money in working people's pockets," said UK Business and Trade Secretary Jonathan said the taskforce is intended to bolster homegrown talent with cutting edge, highly skilled expertise from around the world to work in the key sectors identified as part of a new 10-year industrial expansion will also build on commitments in the recent 'Immigration White Paper' to expand eligible institutions for the High Potential Individual visa and fast-track the brightest and best talent into UK high growth and strategic industries, such as the science and technology sectors, the department added."UK universities are already pivotal players in attracting global talent and the creation of the Taskforce and Fund will further leverage their role in building our future technologies and driving long-term growth," said Vivienne Stern, Universities UK Chief government has stressed that this new drive to attract talent will not impact net migration, or the difference between those migrating into the UK and those that emigrate abroad.
