20 November 2020
• New Global Entrepreneurship Monitor report shows UK early-stage entrepreneurship hit a new high in 2019
• Nearly 1 in 10 working age adults were in the early stages of starting or running a business, with women catching up with men
• Progress threatened by Chancellor’s decision not to provide financial support for three million entrepreneurs
UK entrepreneurship is “in jeopardy” despite hitting a new high pre-pandemic because of gaps in support for people in the early stages of running a business, a leading expert has warned.
Professor Mark Hart of Aston Business School said the exclusion of three million people from Government support schemes since March was “chipping away at the foundations of our enterprise economy”.
His comments come on the back of a new report from the Global Entrepreneurship Monitor (GEM) which show that the UK recorded its highest rate of early-stage entrepreneurship since the global annual survey began nearly 20 years ago.