Prestigious DIT Award caps brilliant year for Chinese market leader in Tier 1 Entrepreneur visa scheme

Date: 19/02/2019
Author: Chris Leung
Company: Ying De Group

Ying De Group has been awarded runner-up in the Business Award category of the Greater China Awards, which took place at The Lowry in Manchester on 15 February.

Organised by the Department for International Trade (DIT) North West of the UK Government, the prestigious awards “recognised North West businesses which have made a significant contribution to developing business or collaborative innovation/partnership” with Greater China. They were presented by Richard Burn, Her Majesty Trade Commissioner for China, who leads the DIT in Greater China.

As the leader in the Chinese investor market for the UK government-backed Tier 1 Entrepreneur visa scheme, Ying De successfully fought off very tough competition to be shortlisted as a finalist. Our achievement at the awards was even more remarkable considering that this was our first-ever attempt as well.

Andy Han, CEO of Ying De Group said: “We are extremely thrilled to be named runner-up in this fantastic award. We would like to thank the DIT for recognising all the hard work that we have put in over the last twelve months, in spite of what has been a very challenging period of time. While Brexit uncertainty has initially cast doubts on the UK market and dampened the growth trend that had been gathering momentum prior to the referendum, the strong fundamentals of the UK as the world’s sixth largest economy and the favourable exchange rate played an important role in stabilising investor sentiment. As a result, we were pleased to see that even in these challenging times, we were able to maintain a similar level of performance in 2018 as the previous year. We look forward to continue working closely with UK companies and help them attract both funding and business skills from our investors.”

Thanks to the continued interests from Chinese investors in UK companies via the Tier 1 Entrepreneur visa scheme, Ying De has experienced exponential growth in Greater China over the last few years. We have successfully introduced £47 million unsecured funding to date across the UK, and have achieved an impressive 90% success rate in terms of the UK Home Office applications.