Chancellor Rachel Reeves will announce a significant new incentive for international businesses this week, pledging to reimburse visa fees for top-tier technology and science companies that choose to invest in Britain.
Davos Pitch for Stability and Growth
The Chancellor will deliver the policy announcement on Tuesday 20 January 2026 at the World Economic Forum in Davos, Switzerland. She will be accompanied by a high-level delegation including Business Secretary Peter Kyle and Home Secretary Yvette Cooper.
In her speech, Ms Reeves is expected to position the UK as a haven of 'stability' in a geopolitically volatile climate. This move is a direct part of the government's strategy to stimulate economic growth by attracting foreign capital and elite talent.
Details of the New Visa Incentives
According to Treasury details, the scheme will target world-leading firms in artificial intelligence (AI), life sciences, and sustainable energy. Under the proposals, the government will refund visa costs for selected pioneers in deep tech sectors and for skilled workers joining British operations within these priority industries.
Furthermore, companies looking to expand their UK presence will benefit from accelerated processing for their sponsor licences, significantly cutting administrative delays.
Global Context and Diplomatic Stance
The announcement comes against a backdrop of simmering international tensions, particularly between Washington and European allies including the UK. These frictions follow threats of a trade war from US President Donald Trump over Greenland, a mineral-rich, semi-autonomous Danish territory in the Arctic.
Prime Minister Sir Keir Starmer has urged for calm and cooperation among allies regarding the dispute. Chancellor Reeves is scheduled to participate in a panel discussion at Davos with US Secretary of Commerce Howard Lutnick, with President Trump also expected to attend the forum later in the week.
"Choose Britain" Message to Global Investors
Ahead of her pivotal visit, Chancellor Reeves framed Britain as the premier destination for global investment. "In a volatile world Britain stands out," she stated. "This Government is making sure Britain is home to the stability, talent and capital that businesses and investors want and that drive greater growth."
She concluded with a clear rallying cry to the business community: "Some countries give you a platform, but Britain gives you momentum. My message at Davos this week is clear: choose Britain – it’s the best place in the world to invest."
