Business, Innovation, Science and Trade Committee
27 October 2026
Contents updated on 27 Oct 2026
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Business, Innovation, Science and Trade Committee House of Commons
Follow its sittings00:03 - 00:27
Lab Member of Parliament | Birmingham Hodge Hill and Solihull North
Member of Parliament | Birmingham Hodge Hill and Solihull North Welcome to today's session of the Business, Innovation, Science and Trade Committee as we open our inquiry into entrepreneurship in our country. And we open it on the day that the Global Entrepreneurship Monitor for this year is published. So, Mark Hart, you are one of the lead authors of this internationally acclaimed study. Do you want to tell us what it said and give us the good news and the bad news for the UK?
00:27 - 00:54
Mark Hart
Lead, Global Entrepreneurship Monitor UK
Well, this is the 27th year we've been publishing this report, so I think it's very timely that we released it this morning as you start the inquiry, Chair. I think in terms of the headlines, the central message is that ambition is alive and well in the UK. We are a more entrepreneurial society than we've ever been since we started the project back in 1999. There's more people involved in...
00:54 - 01:01
Speaker 10
That's actually quite a big assertion. So the UK is the most entrepreneurial it's been since the study started in 1999?
01:01 - 01:29
Speaker 5
Absolutely. And we measure that in terms of the number of people who are thinking of setting up a business in the next two or three years, the number of people who are in the first three months of doing so, the number of people who've been running a business for at least two and a half years, and established business owners as well. Because our survey is not just about people who are in the process of start-up. It's an adult population survey. We're trying to measure the level of entrepreneurial activity in the whole of the population of the UK.
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