Entrepreneurs remain positive about the UK as start-up destination

Research by the Institute of Directors (IoD) has shown that entrepreneurs continue to be positive about the UK as a location for setting up a new business.

The research, which surveyed almost 200 entrepreneurs, found that 85 percent would choose Britain over other locations in Europe to set up a business.

Impact

Entrepreneurs were also asked about the impact on their business of the UK’s vote to leave the EU.

Over 55 percent said that so far there has been no impact, while 34 percent said the decision to leave the EU has had a negative impact. Eight percent said that the impact has been positive.

When asked about their priorities for the next twelve months, respondents said that access to employees was a high priority, as was digital infrastructure.

Healthy

Simon Walker, director general of the IoD, said: “The UK has created a healthy environment for entrepreneurs in recent years, and this survey confirms that it is still a great place to set up a business.”

He added: “Brexit will inevitably pose challenges for new businesses, particularly in being able to recruit the right people to enable them to grow rapidly.”