Global Entrepreneurship Monitor United Kingdom 2003

  • Harding, R. (2003). (Global Entrepreneurship Monitor)
  • Abstract: This report discusses the challenges for UK policy in the light of the evidence from a survey of 22,000 adults randomly selected and interviewed by telephone from July-October 2003 and from an in-depth survey of 60 experts1 conducted between April and October 2003. It looks at inclusion (women and ethnic minorities), entrepreneurship in deprived areas, access to finance, technology entrepreneurship and provides a regional dimension to all of this. Ethnic minority businesses, as was reported in the 2002 GEM UK report, are key drivers of entrepreneurship in the UK2. Again, we find greater acceptance of entrepreneurship, higher levels of entrepreneurial activity and stronger community-based entrepreneurship amongst these communities and their role in driving forward an entrepreneurial agenda cannot be understated. For the first time in 2003, we have also included extra questions on social entrepreneurship and attempted to develop a measurement of Social Entrepreneurial Activity (SEA) using a similar construction to the TEA index. With some confidence we can say that around 6.6% of the whole UK population, nearly as many as are involved in “orthodox” entrepreneurial activity, are engaged in socially oriented activities of one form or another. Of these, over 40% fund more than 75% of their activi ties3 from their own revenues rather than from grants or donations. This suggests that the level of social enterprise activity (in other words activities that are funded largely by their own revenues) is high at nearly 2.5% of the whole UK population. Further, there is a substantially smaller gap between male and female entrepreneurship with women almost as likely as men to be social entrepreneurs. The macroeconomic climate for entrepreneurship in the UK is good and, as the world emerges from recession, the challenge is to build on the strong foundations that are apparent from the GEM UK 2003 survey. Specifically, there are still cultural and financial barriers to entrepreneurship. Ethnic minority and female entrepreneurship could be further encouraged (especially in technology oriented growth businesses where they have major strengths). An identifiable equity gap in the financing of growth businesses could be closed and social entrepreneurship could be supported as vehicle for promoting community development and regeneration. View external link »
  • Theme: Perceptions and attitudes
  • Keywords: entrepreneurial attitudes; entrepreneurial activity; entrepreneurial aspirations
  • Reference type: Report
  • Geographic location: United Kingdom
  • Quality: Annual Report by GEM using their own survey
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