News & Articles

UK Not So Bad

For those of you struggling with financial issues, take heart that things are tough all over. You could be trying to launch your business almost anywhere else in the world and face far greater obstacles.
25 September, 2013

Global money movers Ernst & Young, emphasises that the UK is rated as one of the most hospitable entrepreneurial environments among the G20 group of countries. The key points being:


  • The UK benefits from a strong entrepreneurial culture
  • The Government is committed to reducing the regulatory burden on small businesses
  •  Start up cost for small businesses are low


  • Support for long-term growth of SMEs is seen as poorly co-ordinated
  • Bank lending and stock market activity for SMEs is down


  • The Government could improve tax incentives for business start-ups
  • UK entrepreneurs finding it difficult to secure bank loans can seek financing from business angel investors and venture capital


  • Weak lending conditions could persist, having particularly negative effects on small business start-ups
  • Poor coordination of support to entrepreneurs could continue to be a constraint.