UK entrepreneurs are faring well in the face of global recession, according to a new survey co-funded by the DTI published today.
The Global Entrepreneurship Monitor (GEM) 2002, a worldwide survey of entrepreneurial activity, questioned 20,000 people last year in the UK. This was the largest single study of entrepreneurial activity in the world.
Key findings show that:
though entrepreneurial activity is down worldwide, Britain is faring well in the economic downturn - of the G8 countries, only the US and Canada fared better than the UK in reduction of total entrepreneurial activity;
the gap between male and female entrepreneurship has narrowed in the last year by nearly 40 per cent - but the gap is still wider than the global average with men in the UK twice as likely to set up in business as women;
