UK Entrepreneurs Optimism Index
by Startacus Admin
The current economic climate of the UK is extremely conducive to the creation and growth of new businesses; that's according to the first ever Entrepreneurs Optimism Index report by Major Law Firm Bircham Dyson Bell.
Their research, which included a survey of 279 entrepreneurs, was intended to provide a quantifiable indication of the overall state of enterprise confidence amongst business leaders in the UK at the moment. With no previous findings to be use as a benchmark, it is impossible to say if their conclusions represent a positive change, on the face of it, their reportings would certainly seem to indicate a fairly decent short term outlook!
For example they found that some 56% of companies have experienced an increase in revenue over the past 3 months and that 64% of entrepreneurs have managed to raise additional funding during this same timeframe. Other figures released suggest that this boost within the financial aspects of enterprise is increasing confidence in other areas too, with 92% predicting that they will be profitable within the next two months, over 50% intending to increase headcount over the coming months, and 74% saying that they would be confident in starting a new business within the current economic environment.
85% sourced private investment while the remaining 15% utilised government funding, shareholders and crowdfunding.
Hollie Gallagher, head of the entrepreneurs team at Bircham Dyson Bell, said:
“Our inaugural Entrepreneurs Optimism Index shows an incredibly positive outlook amongst the business community, which is now experiencing growing profitability, increasing customer demand and higher employment.
“Interestingly, from the research and speaking to our clients, we have seen that business leaders are not confining themselves to starting and running a single business – they have continued to innovate and explore, treating their entrepreneurialism as providing a job for life.”
Will the economic blue skies continue to brighten as we head towards winter? Or will Autumns tempestuous nature reflect in all things fiscal?
Perhaps it’s a tad early to be putting the brollies away just yet!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Moneybox smashes its investment target with over 15,000 people investing £6.25million in 72 hours in its Crowdcube campaign.
Applications from startups with positive social impact at their core sought by for Crowdcube and Virgin StartUp for Collective Impact, their investment-readiness accelerator.
Business owners are currently facing similar challenges in all sectors. These basic tips aim to help address those issues.
Kickstart Innovation, one of Europe’s leading innovation platforms, has announced applications are now open for the 2022 program.
The lowdown on Kuberno and its innovative tech solution to help companies navigate through governance and compliance requirements.
Virtually Visiting is an online platform enabling users to experience their dream destination from the comfort of their own home via immersive 360 video tours.
Next gen mobility beyond the big cities - RideTandem is a startup aiming to turn local transport providers into smart shuttles for work, education and more.
.png)
If you like haggling, you'll like this - London-based startup Nibble has created an AI-powered eCommerce chatbot to enable customers to negotiate a personalised price.
A tidal wave of resignations and increased interest in angel investment; Oliver Woolley, CEO of Envestors shares some insights on why these trends are connected.
Deeptech startup SLAMcore secures major investment to boost the performance and reach of their pioneering spatial mapping technology.
Published on: 21st September 2015
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Global Innovation Platform Kickstart Launches New Application Round For Startups 9th May 2022 Kickstart Innovation, one of Europe’s leading innovation platforms, has announced applications are now open for the 2022 program.
- SLAMcore Raises $16 Million To Deliver Low-Cost, Spatial Understanding To Real-Life Robots 3rd May 2022 Deeptech startup SLAMcore secures major investment to boost the performance and reach of their pioneering spatial mapping technology.
- Ulster Bank Brings Pitching Competition to International Disability Summit 3rd May 2022 Ulster Bank seeking entrepreneurs to enter the elevator pitch competition at the Harkin International Disability Employment Summit.
- Oneday secures major investment to support aspiring entrepreneurs 27th Apr 2022 Oneday, the platform that helps entrepreneurs turn their passion into business secures £2.5M seed funding to accelerate product innovation and scale up growth.
