Immigrants thrive at business

Immigrants thrive at business

Immigrants are more likely to start their own business than people born and brought up in the UK, according to new figures.

The Global Entrepreneurship Monitor (GEM) UK Report, analysed early stage start-ups as part of an study into entrepreneurial trends, attitudes and aspirations in 2015.

It found people who live in the UK but were born overseas have a significantly higher rate of Total Early-Stage Entrepreneurial Activity (TEA) than life-long residents. UK-born returning migrants also have a significantly higher rate of TEA.

The report, written by experts from Aston Business School in Birmingham and the University of Strathclyde, reveals 15.4% of immigrants were early-stage entrepreneurs in 2015,

compared to 10.5% of UK-born returning migrants.

By comparison, the figure for UK-born individuals who have migrated inside the UK was just over 6.1%, and only 5.3% for UK-born individuals who had lived all their lives in the same region. 

Professor Mark Hart, of Aston Business School, said: “It’s notable that immigrants, together with those who have lived abroad for some time, have a significantly higher TEA rate. The wider experience and skills of many immigrants and returnee migrants may enable them to spot and exploit opportunities more readily.”

 

 

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