Idinvest Partners, a leading investor in SMEs across Europe, today launched an annual study into the UK’s attitudes towards entrepreneurship. Idinvest’s UK Entrepreneurship Barometer measures the concerns of the next generation of entrepreneurial talent and therefore addresses the health of the UK’s innovation ecosystem. In its first year, the Barometer poses questions about Brexit consequences, personal motivations, fundraising challenges and economic climate.
Despite concerns that Brexit might diminish the UK’s position as one of Europe’s leading business hubs, 44% of the UK population still consider it the best country to start a business, beating rivals Germany by a strong margin. These findings can be seen as a vote of confidence in the outlook for the UK Economy with 57% of all respondents remaining optimistic for the country’s economic performance over the next 12 months where participants were 10%more concerned by the European Economic outlook than that of the UK.
“While some future entrepreneurs will be considering their options in light of Brexit, the majority continue to see themselves as future business owners and start-up founders, said Christophe Bavière, CEO and Benoist Grossmann, Managing Partner at Idinvest Partners. “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. Over the past 20 years Idinvest Partners has helped build a dedicated ecosystem for entrepreneurs we look forward to supporting and growing the next generation of British talent.”
“The British entrepreneurial climate is as hot as ever, we’re a nation of creative thinkers who value hard work, ambition and aren’t too keen on having a boss. It’s disappointing that we’ve chosen to distance ourselves from Europe but I’m not surprised that budding UK entrepreneurs aren’t deterred, I don’t see any reason right now why people shouldn’t be hugely optimistic about starting their own business” comments Alex Saint, Co-Founder and CEO of Secret Escapes (An Idinvest portfolio company).”