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Chancellor Rachel Reeves pledged to overhaul the Global Talent Visa at the World Economic Forum in Davos, offering visa fee refunds for researchers in AI, quantum computing, and semiconductors. This initiative aims to attract specialized talent to the UK, addressing a critical skills shortage in the quantum sector.

The UK government’s Global Talent Fund, worth £54 million, aims to support the relocation of up to 80 scientists. This move reflects the UK’s ambition to become a leading destination for global talent and innovation in frontier technologies.