As many people as possible should have the skills and support to set up, run and grow businesses - whether young or old, men or women and regardless of ethnic origin or where they live. The UK has more people who want to start a business than many other countries. We have talented entrepreneurs who have created world-class businesses. However, compared to the US, too few of these businesses achieve high growth. They lack a competitive edge and their founders often lack the ambition or capabilities to manage growth.
New entrepreneurs face too many barriers.
Entrepreneurial culture 2.7 The Government's aim is to create a broadly-based entrepreneurial culture, in which more people of all ages and backgrounds start their own business. In the US, entrepreneurship is widespread because entrepreneurs are highly regarded and well rewarded. In the UK, entrepreneurs are still too often viewed as mavericks. 2.8 Many factors contribute to an entrepreneurial culture and some will take time to turn around or are difficult for the Government to influence. One powerful lever that the Government does have is its fiscal policy which can increase the rewards of success.