More people starting a business in the UK

Tuesday 28 August 2012

Business

Levels of entrepreneurialism are continuing to rise in the UK, it has been suggested.

A joint study conducted by the University of Strathclyde and Aston Business School found that more than one in five adults in the UK is already running their own business, actively trying to start one, or expected to become self-employed in the next three years.

The number of working age adults actively trying to start a business who were not already running one rose from 2.9 per cent to 4.1 per cent in 2011.

A further 6.8 per cent of interviewees expected to start a business in the next three years, up from 4.6 per cent in 2010.

The study revealed that some of the new business founders needed to enter self-employment to earn a living, but others set companies up as a conscious career choice.

Professor Levie, from Strathclyde Business School, claimed there has been a "real increase" start-up attempts in the last two years.

"While necessity-driven start-up attempts increased significantly, they comprised less than 15 per cent of all start-up attempts in 2011," he said.

"Even in a continued recession, most entrepreneurs in the UK start up because they spot an opportunity."

Posted by Jenny Arthur