Britain is a nation of budding entrepreneurs

Britain is often considered to be a very enterprising nation, with a proud history of innovation and commerce. New figures shed light on this spirit of entrepreneurship, showing that more than 1.8m Britons are planning to open a business in the next five years. 

The study by Invest in Cornwall found that 26 per cent of Britons plan a career change in the next five years, of which more than quarter want to start their own business.

The research also displays the vibrancy of Britain’s entrepreneurial ambitions, as potential business owners are planning on going into a huge variety of sectors.

Those surveyed said they intended to start a business in everything from construction (three per cent) to accommodation and food services (five per cent) and financial services (also five per cent). Seven per cent said they wanted to go into arts and entertainment and ten per cent want to go into retail and wholesale.

Suzanne Bond, chief executive of the Cornwall Development Company, says: “It is interesting to see that so many people are planning on reinvigorating their careers by changing paths over the next five years and in particular, that large numbers are willing to take the positive and bold step to start their own business and become their own boss.”

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