Chancellor Rachel Reeves is set to unveil a significant new initiative aimed at attracting the world's leading technology and science companies to the United Kingdom. The plan, to be announced at the World Economic Forum in Davos, will see the government reimburse visa fees for top international firms and their workers in key sectors.
Davos Pitch for a Stable Britain
On Tuesday 20 January 2026, Chancellor Reeves will lead a high-level UK delegation to the Swiss Alps, aiming to position Britain as a sanctuary of ‘stability’ in a volatile global landscape. The delegation will include Business Secretary Peter Kyle and Foreign Secretary Yvette Cooper. Reeves is scheduled to deliver a speech to business chiefs and participate in a panel discussion alongside US Secretary of Commerce Howard Lutnick.
Ahead of the summit, Ms Reeves stated: "In a volatile world Britain stands out. 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 added a direct appeal to global investors: "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."
Incentives for Priority Sectors
The Treasury has confirmed the details of the new incentives, designed to boost the UK's growth in cutting-edge industries. Under the proposals, visa application costs will be reimbursed for select trailblazing companies in deep tech sectors and for workers joining British firms in designated priority areas.
The key industries set to benefit include:
- Artificial Intelligence (AI)
- Life Sciences
- Sustainable Energy
Furthermore, companies looking to expand their operations in the UK will be offered fast-track processing for their sponsor licences, significantly speeding up their ability to bring in essential international talent.
Global Context and Diplomatic Tensions
The Chancellor's push for investment comes against a backdrop of international uncertainty. Tensions are simmering between Washington and European allies, including the UK, following threats of a trade war from US President Donald Trump. The dispute centres on Greenland, a mineral-rich, semi-autonomous region of the Kingdom of Denmark, which President Trump is reportedly seeking to acquire due to its strategic Arctic location.
In response to the escalating situation, Prime Minister Sir Keir Starmer has called for calm and co-operation between allies. The UK's presence at Davos, with its focus on economic stability and openness, is seen as a deliberate contrast to this global volatility. President Trump is also expected to attend the forum later in the week.
The new visa scheme represents a concrete step by the UK government to secure a competitive advantage in the global race for talent and investment, directly linking immigration policy to long-term economic growth in the nation's most innovative sectors.
