Business Zone: Migrant entrepreneurs make ‘breathtaking’ contribution to UK
Business Zone covers Migrant Entrepreneurs: Building our businesses, creating our jobs.
There are currently 456,073 migrant entrepreneurs in the UK, representing 155 nationalities, according to a report by think-tank the Centre for Entrepreneurs and business data firm DueDil.
The study found that entrepreneurial activity amongst the migrant community is nearly double that of their UK counterparts, with 17.2% of migrant workers having started their own business, compared to 10.4% of UK-born individuals.
In addition, 14% of all jobs created are within migrant-founded small firms, with migrant entrepreneurs employing 1.16 million people. They are also, on average, eight years younger than UK entrepreneurs.
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