Venturing Forth: Increasing High Value Entrepreneurship


Chuka Umunna MP, Shadow Secretary of State for Business, Innovation and Skills



Registration will begin at 18.30 for 19.00 start. Light refreshments will be served

Raising the level of entrepreneurship is critical to driving innovation, which is essential for long-term economic growth. Yet evidence shows that not all entrepreneurship contributes equally to growth in productivity. The word entrepreneurship itself is ambiguous in its definition. There is a plethora of Government initiatives designed to encourage the setting up of more small businesses. But there is little understanding of the types of people who are most likely to create high growth and innovative companies, their motivations and the challenges they have to overcome.

The Social Market Foundation is launching a new report tackling this problem. Based on new data analysis, specially-commissioned surveys, and interviews with entrepreneurs and employees, the SMF’s findings will set out the links between entrepreneurial activity and growth; and the barriers holding back those with the most potential. The report will conclude with recommendations for politicians and policy-makers on how we can create more entrepreneurs that deliver higher levels of innovation and growth.