Entrepreneurship on rise

One in four people across the UK would like to start their own business, according to new research by business software provider Sage. A survey of over 3,000 people found that the North East had the highest level of entrepreneurial desire, with 11% looking to start up. Yorkshire and Humber also saw a high number of would-be entrepreneurs, whilst the lowest volumes were recorded in Scotland, Northern Ireland and the North West. The biggest incentive to start a business was having a passion to do something respondents enjoy full time. Lee Perkins, Managing Director of Sage’s Small Business Division, stated that the study showed a positive image of British entrepreneurship and suggested that the UK business landscape was changing. He concluded: “The home for entrepreneurism, which has for so long been associated with London and the South East is moving north, and this will have a significant impact on regional economies”.

Invoice Finance for Start-Ups

Often entrepreneurs can struggle to really get their business up and running in its early days due to a lack of cashflow and having to wait up to 90 days for invoices to be paid. Start-ups can also struggle to access finance, as banks often require a long credit history before granting funds. However, Skipton Business Finance has finance solutions specifically for start-ups, which can help advance new companies cash upfront for their invoices. Why not check out our specific invoice finance solutions for start-ups and get your new business going in the right direction!