2. Applying for an extension
If you are applying for an extension, you are required to demonstrate that the funds are invested into your business. In order to produce evidence that the funds have been used for your business, you could include business accounts prepared by an accountant & other documents that show that you are in fact, the director of the business. Whilst, in your first application you only needed to prove that the investment fund (£200,000) was available, for the extension you need to demonstrate that the position of the company has changed. The Immigration Rules at paragraph 245D(c)(ii) refer to ‘invested’ or ‘spent’ as being interchangeable definitions. Policy guidance is clear in its definition of financial investment, explaining that;
‘Money deposited in a bank account, even if it is in a United Kingdom business bank account, is not counted as investment in the business’.
The policy guidance continues:
‘The money should be used in the business to encourage growth or expansion, to improve services or products and to ensure the business is profitable.’