GEM Report: 2018
31 July 2019
Gig economy “a springboard for entrepreneurs”
• Gig workers in the UK are twice as likely as the wider population to be in the early stages of setting up a business, largest global study of entrepreneurs finds
• Sharp fall in entrepreneurship among BAME Britons and immigrants
• Rise of crowdfunding and peer-to-peer lending sees people increasingly willing to invest in “strangers with good ideas”
Workers in the gig economy are increasingly seeing their “side hustle” as a launchpad into longer-term entrepreneurship, according to the largest annual survey of UK entrepreneurs.
Although often portrayed as a precarious option to supplement low pay, latest data from the Global Entrepreneurship Monitor (GEM), has found gig workers are twice as likely as the wider population to be planning to start a business or to be early-stage entrepreneurs.
