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Birmingham Post
Birmingham Post
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Dylan Jones-Evans

Is Wales any good at doing entrepreneurship?

Wales Entrepreneurship GeM

How entrepreneurial is Wales? That is the question that the latest Global Entrepreneurship Monitor (GEM) attempts to answer in its latest report which investigates those involved in early-stage entrepreneurship - defined as starting and managing a new business.

This year’s results show that the rate of total early-stage entrepreneurship (TEA) in Wales in 2021 was 10.3% as compared to 11.5% for the UK.

This is significantly higher than the previous year (6.5%) and means that around 192,000 adults aged between 18 and 64 are involved in entrepreneurial activity in Wales.

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