New report highlights “lost generation” of entrepreneurs in Scotland

Strathclyde academic recommends action in higher education


Lack of support for small business in Scotland has led to a “lost generation” of entrepreneurs, according to a new report.

The University of Strathclyde’s latest Global Entrepreneurship Monitor (GEM) claims that Scotland is lagging behind the other home nations when it comes to starting businesses.

The GEM highlights a particularly low level of entrepreneurial activity among Scots in their mid-thirties – typically the peak years for people wanting to start a company.

The report’s author, Strathclyde academic Jonathan Levie, believes the lack of activity among thirty-somethings “represents a lost generation of entrepreneurs for Scotland.”

Levie adds that, if the Scottish government wishes to prevent the next generation of would-be entrepreneurs slipping away, it has to act fast.

He believes that the Holyrood government can start by promoting entrepreneurship at higher education level – just as the Welsh Assembly has done with its Entrepreneurship Action Plan.

 

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