A new report by notonthehighstreet.com and Oxford Economics has shown that the changing world of work is seeing more people than ever before turn away from traditional ‘9 to 5’ roles in favour of more flexible and independent ways of working.
In London, female labour force participation has increased 4.5 per cent over the last decade, bringing total female employment in the region to 2.1 million and making it the region of highest growth in the UK.
This movement towards creative entrepreneurship has contributed to the 27 per cent increase nationwide in self-employment over the last ten years, bringing current numbers to 4.8m. The 50 per cent increase in self-employed women is particularly notable, now standing at 1.5m.
Today there are 134,000 small creative businesses in the UK, employing 192,000 people and contributing £3.6bn gross value added to the UK economy. One in 40 UK businesses is a small creative business.