Wales lacks entrepreneurs

Research company Gavurin recently reported that Wales had an “alarming lack of budding entrepreneurs”.

Apparently only 4% of young male and female entrepreneurs are developing original business ideas, compared to 40% in London and the South East of England.

If the rate is so low I think I know why, we have clients in Wales, and one in particular has now set up his third business, yes third, he now runs three ventures, so I guess he is probably responsible for two other people not being able to come up with an original idea, he has taken them!

It’s not all doom and gloom for Wales, in fact it’s quite the opposite, backed with some funding from the European Union the European Regional Development Fund Convergence programme is investing over £1.8 billion to boost the knowledge economy for West Wales and the Valleys. 

I wonder how the next report on Wales will read in a year or two?

Technorati Tags: Wales, Small business, Self employed, employed, Working for yourself, Knowledge economy, ERDF Convergence programme