More people thinking about setting up a business than before records began

Findings from the Global Entrepreneurship Monitor UK, published today by Aston University, revealed that in 2011, more than one fifth of adult Britons either expected to start a business in the next three years, were actively trying to start a business, or were already running one.

National enterprise campaign StartUp Britain’s co-founder Emma Jones said: “I’m delighted to see these results show the highest recorded number of people starting a business.

“Across the country, people are turning a hobby into a way of making a living and spotting niche gaps in the market to fill. It’s never been so cheap to start a business and there’s an abundance of support available. The UK just keeps smashing records when it comes to the rate of start-ups. Long may it continue!”

Whilst the number of people reporting they were looking to start a business through necessity or lack of employment alternative increased, the number of people trying to start new businesses because they spotted an opportunity also rose significantly.