COVID-19: ‘Record number of new businesses’ predicted as UK comes out of coronavirus lockdown

Sky News covers record number of inspiring entrepreneurs thriving as the UK comes out of lockdown

Despite challenges introduced by the coronavirus crisis, 2020 also saw the launch of a record number of start-ups. Around 407,510 new businesses were formed during this period.

Matt Smith, director of policy and research at the Centre for Entrepreneurs, told Sky News the rising number of start-ups is a trend that is likely to continue.

He said: “A lot of people have had the opportunity to consider entrepreneurship for the first time and really pursue it.

“A lot of businesses have been set up that are passion projects and that of course is a challenge of making sure that is sustainable and scalable.”


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