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The United Kingdom’s score in the National Entrepreneurial Context Index (NECI) continues to fall, according to the Global Entrepreneurship Monitor (GEM) 2023/2024 Report, released this week in Morocco.
The Global Entrepreneurship Monitor carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world. It is the only global research source that collects data on entrepreneurship directly from individual entrepreneurs. The GEM UK national team is led by Professor Mark Hart at Aston Business School.
As part of the research, national experts in the UK were asked to assess the country’s Entrepreneurship Framework Conditions (EFCs). These assessments are the basis for an economy’s GEM NECI score. In 2020, the overall quality of the UK entrepreneurial environment was rated as just satisfactory, with a score of 5.0. Since then, that overall quality score has declined slowly each year. The 2023 score of 4.6 places the
Asian and West Asian countries are leading in consumer services while Western economies continue to lead in business services, which are more profitable.
Entrepreneurship at Edge: Balancing Precarious Work and Purpose miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.