UK the best place to start a business, says survey

The UK has been named the best place to do business by 44 per cent of the country’s population in a survey by SME finance firm Idinvest Partners.

The research found that over 55 per cent of respondents have confidence in the UK when it comes to economic performance.

Entrepreneurs

The report also found that over half of the UK’s population want to start their own business, with 16 per cent aiming to do so over the next year. This could result in nearly two out of ten people in the UK becoming entrepreneurs by 2018.

Younger people were found to be particularly attracted to the idea of becoming an entrepreneur, with 76 per cent of 18 to 24-year-olds and 70 per cent of 25 to 34-year-olds wanting to set up their own business.

In addition, over 55 per cent of respondents said that they were optimistic about the outlook for Britain’s economy.

Drive

Idinvest Partners Chief Executive Officer Christophe Bavière and Managing Partner Benoist Grossmann said: “These findings clearly demonstrate the strong entrepreneurial drive at the heart of the nation and the belief that the UK continues to provide a supportive social and economic environment to foster this talent – a view that we continue to support.”

They added that they were looking forward to supporting the next generation of talent in the UK.