Almost one in three working age individuals were either engaged in entrepreneurial activity or intended to start a business within the next three years. While the number of women in Wales setting up new businesses in 2021 also rose to a historic high.
That is according to the latest Global Entrepreneurship Team (GEM) report sponsored by the Welsh Government.
The report, led by Aston University and NatWest, found that the Covid pandemic created new opportunities for Welsh entrepreneurs in 2021.