Norfolk Business Awards 2018

Fewer UK visas granted for overseas businesses since Brexit vote, research reveals

A Union Jack flag in Cromer Beach.


A Union Jack flag in Cromer Beach. Picture: MARK BULLIMORE

Archant Norfolk 2016

Brexit could be affecting the desirability of the UK as a business destination, a law firm has suggested.

Research by Collyer Bristow showed the number of visas granted for overseas businesses to open a branch in the country fell by 11% last year.

There were 125 visas given to representatives of overseas firms, down from 140 the previous year.

James Badcock of Collyer Bristow, said: “The drop in overseas business visas granted could mean the UK misses out on large amounts of investment and tax revenue.

“More visas have been applied for year on year, but far fewer have been granted since the Brexit vote. The figures suggest the Home Office has clamped down on overseas business visas since the vote.

“Overseas business visas can serve a valuable function in attracting often high-profit businesses from other countries to the UK, and can help to encourage trade, investment, innovation and competition.

“However, the government seems to be reluctant to promote the use of overseas business visas.”

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy


The Norfolk Business Awards are open for entries and, as any local business knows, becoming a winner, or even a finalist, can be a real boost for your business among peers and customers across the region, says 
Laura Marfell-Williams, of Reflection PR.

UEA academics discuss some of the key research at the university which will be demonstrated at the Royal Norfolk Show next week.

Green 100


Enjoy the Green 100
digital edition


Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Business Most Read


Norfolk Future 50 EDP Business Awards Green 100