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Half of UK adults want to start their own business

There seems to be no danger of the steady stream of business start-ups abating in the near future, according to research by the UK branch of the Entrepreneurs Organisation (EO London) which shows that half of all adults in the UK have considered starting their own business.

Almost four in 10, (39 per cent) said there is some likelihood that they will start their own business in the future, with 16 per cent saying it was ‘very likely’ and 23 per cent ‘somewhat likely’. Younger adults are the most eager to go it alone, with around half of 18 to 34 year olds expressing some desire to start their own business in the future compared to 37 per cent of 45 to 54 year olds and only 23 per cent of people aged 55 plus. Men (55 per cent) are more likely to consider starting their own business than women (44 per cent).

People in the Midlands and Wales were the most committed to starting up a new business at some stage in the future with 50 per cent saying it is likely that they will start their own business in the future. This compares with 46% of Londoners and 30% of those in the North.

The survey was commissioned by EO London and conducted by YouGov.