The British entrepreneur
Think tank: Onward
Author(s): Shivani H Menon; Andrew Barclay
October 22, 2024
This report from UK think tank Onward looks at how startups can put Britain back in business.
Britain can unlock a new generation of entrepreneurs and inspire growth among small businesses with major reforms to tax, regulations and lending. Too many small British businesses are unable to grow, leaving the country reliant on 1% of businesses for over 11% of its productivity.
The British Entrepreneur argues that a lethal combination of high costs, poor access to finance, harsh economic conditions, a uniquely high fear of failure, and excessive red tape are holding back entrepreneurial Britain.
But these challenges affect groups of current and aspiring entrepreneurs in different ways. Using polling from JL Partners, the report identifies a pipeline of entrepreneurial talent, grouping the general public based on their likelihood of starting a business, and entrepreneurs based on their growth aspirations.
