This is an opportunity to apply for a visa to allow you to remain in the UK to work, look for work, be self-employed, or engage in business for 2 years if you have completed an undergraduate, PGCE, or Master's degree, or 3 years if you have completed a DPhil. You do not need a job offer and you do not need to be sponsored by the University or an employer. This new route is a great opportunity to build experience in the UK across a variety of sectors. Some describe it as a way for employers and students to ‘try before you buy’ unlike the Skilled Worker visa which requires sponsorship. However, some employers may prefer to invest longer term in international students and so may prefer the Skilled Worker Visa (see below). To be eligible for the Graduate Route, you will need to have completed your course and be in the UK with a valid Tier 4 or Student visa.
The UK Council for International Student Affairs also has some further information about the route and produced a helpful webinar on Graduate Route. The full statement of the changes from the Government is on pages 45-51.