4 July 2018
• People from ethnic minority backgrounds and immigrants to UK are twice as likely to be early-stage entrepreneurs
• New Global Entrepreneurship Monitor (GEM) findings show gap has widened sharply since financial crisis of 2008
• Women, younger people, ethnic minority groups and migrants more likely to be motivated by ‘creating meaning’ as well as making money when starting a business
People from ethnic minority and immigrant backgrounds are twice as likely as their white British counterparts to be early-stage entrepreneurs, new research shows.
The findings from Aston University in Birmingham, using data from the Global Entrepreneurship Monitor (GEM), sponsored by NatWest, also show that women, people from ethnic minority communities and migrants are more likely to be motivated by creating ‘meaning’ – rather than just making money – when starting a business than white British men.