Posted on November - 18 - 2009

Is the UK full of budding entrepreneurs?

A considerable proportion of people in the UK say they would like to start their own business.

Of the 2,121 adults questioned, 17% want to instigate a start-up, according to social enterprise organisation Enterprise UK. They estimate that if one in ten of the people surveyed realised their ambition, it could create 1.1 million additional jobs.

This was echoed in a recent speech made by Lord Digby Jones, the former head of the Confederation of British Industry stated that it was his belief that small businesses would be instrumental in rescuing the struggling UK economy.

Carl Schramm, president of entrepreneurial charity the Kauffman Foundation, stated that Job creation is the number one concern facing families and policymakers during the current economic downturn, and the study conducted by Enterprise UK shows that new businesses and entrepreneurs are the principal factor in adding new jobs.

For those that would like to start a new business, 49% of the people questioned by Enterprise UK said that the economic slump has had no impact on their decision to start-up. However, the number of people expressing a desire to start an enterprise was only 12% last year.

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