Over 50% of people in the UK think they'd be better off starting a business abroad

More than 50% of the UK population think they’d be better off launching a business in a different country, according to a study published on Tuesday.

The UK Entrepreneurship Barometer study, carried out by venture capital firm Idinvest, found that just 44% of 1,500 Brits consider the UK the best country to launch a startup.

Other countries that appeal to Brits include Germany, which was ranked as the most desirable country to launch a business after the UK, followed by Sweden, Switzerland, and France.

German politicians have been trying to tempt UK startups to cities like Berlin following the Brexit vote on June 23 and several companies have already left London’s Tech City, according to The Financial Times.

“While some future entrepreneurs will be considering their options in light of Brexit, the majority continue to see themselves as future business owners and start-up founders,” said Christophe Bavière, CEO and Benoist Grossmann, managing partner at Idinvest Partners.

Despite concerns around Brexit, 57% of respondents said they were optimistic about the UK’s economic performance over the next year.
The study also found that more than half of Brits are keen to start their own company at some point and that two out of every 10 Brits will be an entrepreneurs of some sort by 2018.
“These findings clearly demonstrate the strong entrepreneurial drive at the heart of the nation and the belief that the UK continues to provide a supportive social and economic environment to foster this talent — a view that we continue to support,” said Bavière.

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