UK to fast-track visas and refund fees for top global tech and science firms to attract talent and investment amid global tensions.

The UK government will reimburse visa fees and fast-track applications for top international tech and science firms in AI, life sciences, and sustainable energy, Chancellor Rachel Reeves announced ahead of the World Economic Forum in Davos. The initiative aims to attract global investment and talent amid international tensions, particularly over U.S. President Donald Trump’s threats of tariffs on European goods and his interest in acquiring Greenland. Reeves, leading a delegation including Business and Foreign Secretaries, will promote the UK’s stability and economic resilience, with select “trailblazer” companies receiving financial and administrative incentives. No plans exist for Prime Minister Keir Starmer to attend the summit.