“Global Entrepreneurship Week is about growing enterprise ambition and ensuring that those with ideas know where to get the support they need to make them a reality. It’s about creating jobs and opportunities: small business in the UK employs nearly 60 per cent of the workforce and contributes almost half of UK turnover.”
David Cameron, Prime Minister
We believe that a large national campaign to promote entrepreneurship is a vital part of making the UK more entrepreneurial, to encourage more people to start up their own business.
The challenge is simple: whilst more than half of the population would like to start their own business, less than 5% actually do.
- Entrepreneurial ambitions are even more acute among certain demographic groups – particularly among youngsters and women.
- Young people in the UK are three times more likely to be unemployed than adults.
- More than twice as many men start up businesses as women.
- Mass participation in activities designed to promote entrepreneurship and entrepreneurial thinking has proven outcomes in addressing these issues. Global Entrepreneurship Week – which began life in the UK back in 2004 as Enterprise Week – is the world’s largest campaign to promote entrepreneurship and is recognised by organisations all over the UK as the highlight of the entrepreneurship calendar.
As a result of the 2014 campaign
- 86% of participants said that they felt more confident about starting a business or making their business a success
74% of participants said they are more likely to start a business
- 63% of participants who were not entrepreneurs said that they had gained a new business idea or been inspired
- 54% of participants said that they had acquired new skills
- 50% of entrepreneur participants said that they had made new contacts to help them in their business