Entrepreneurship requires complete resilience whilst being notoriously fragile. The UK has a strong track record of blossoming growth rooted in its entrepreneurial culture. Perhaps, nowhere else is it as straightforward or normalised to set up a new business. However, we are facing the stark reality that the UK skills gap hurts entrepreneurship. There are solutions, as there always are for the entrepreneurially savvy, but it takes a depth of understanding and a new approach.
Our strength as entrepreneurs
To understand why the UK skills gap is potentially harmful to entrepreneurship, we need to understand the realities of British entrepreneurship.
The UK provides fertile ground for the entrepreneur and, as such, has a global reputation for being a self-employment and start-up heartland. As a result, the UK is Europe’s leading start-up nation, consistently attracting the most investment year after year. In real terms, this translates to more than one new business starting every minute here.
At the start of 2021, so within pandemic territory, there were 5.6…
