GEM UK 2020 report

The GEM UK 2020 report is published today. Authored by the UK team and sponsored by NatWest the Global Entrepreneurship Monitor (GEM) is the most authoritative annual research into entrepreneurial
activity and trends. While the global business landscape has changed since 2020, the report and the data within is full of insight as we consider the state of entrepreneurship following the impact of the
pandemic.

Entrepreneurs will be crucial for the UK’s recovery from COVID and dealing with economic fallout from Brexit – new report

• Early-stage entrepreneurial activity in 2020 had fallen sharply from its pre-pandemic high in the UK as the economy was essentially shut down for long periods due to COVID-19

• This decline was due to fewer nascent entrepreneurs than normal – that is, individuals in the first three months of starting their new business venture

• Nevertheless, around two-thirds of working-age adults looking to set up a business within three years said the pandemic had influenced their decision to re-assess their future engagement with the labour market