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Insider UK
Insider UK
Science
Peter A Walker

Survey reveals lack of Scottish confidence in entrepreneurship

Around four in 10 adults not presently engaged in business activity in Scotland can see good opportunities to start businesses in the next six months - but more than half say the fear of failure would stop them.

The latet Global Entrepreneurship Monitor (GEM) for Scotland, which captures rates of entrepreneurship in the general adult population, reveals significant gaps in the confidence Scots have in their entrepreneurial abilities.

The study is part of a global research consortium that measured rates of entrepreneurship by interviewing around 150,000 adults across 50 countries during 2021, including around 10,000 respondents from all four UK home nations.

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