How does the UK fare?
The UK has been named the fifth most entrepreneurial country in the world by the Ashish J Thakkar Global Entrepreneurship Index.
Singapore has topped the study of the world’s nations as offering the best environment for entrepreneurs, according to an Index developed by Mara Foundation and Opinium Research.
The inaugural Ashish J Thakkar Global Entrepreneurship Index measures entrepreneurial environments around the world and assesses each of its 85 countries against a set of criteria that spans policy, infrastructure, education, entrepreneurial environment and finance.
Top 10 countries by Overall Index Score:
2. New Zealand
5. United Kingdom
The United Kingdom currently ranks fifth overall, ahead of prominent commercial and financial centres such as the United States, and much of the EU.
The UK scores highly on the ‘finance pillar’ due to its ability to provide a supportive financial culture for entrepreneurs to flourish in. In particular, the UK scores extremely high in terms of its attractiveness to investors in venture capital and private equity, bettered only by the United States, due to its acknowledged history as a stable economy that is optimal for investors.