Post
by Lucapooka » Sat Feb 16, 2013 12:01 pm
I mean that the applicant who is not in the UK would not be switching from PSW and so would not eligible for points at the PSW 50K capital threshold. This would directly affect the team member inside the UK (who perhaps is a PSW migrant) who would not qualify at the 50K threshold either, because they are applying as a team and both team members must be eligible for the 50K capital. Only one being eligible is not permitted. Therefore, in the circumstances you have described, only the 200K capital threshold could be used.
Your Entrepreneurial team member must also qualify to use the same amount of investment if the total amount available to your entrepreneurial team is £50,000 or more. If the other team member does not also qualify for this level of investment, the total amount available to the team must be at £200,000 or more.
This is obviously without regard to approved VC, as I have assumed you are not getting money from that type of source.