UK the top G20 country for the ease of starting a digital business and cutting red tape
09 Sep 2016
The recent G20 Digital Entrepreneurship Barometer, the basis of a new report, “Digital Disruption — Threat or Opportunity for Entrepreneurship?” released to mark the start of the G20 Young Entrepreneurs’ Alliance summit in China, ranks the UK as the top 20 country for ease of starting a digital business and navigating the regulatory environment. Amongst the G20 nations, the UK leads the way for cutting red tape for digital entrepreneurs, and for its digital knowledge base and information and communications technology market. This includes access to technology and expertise, as well as the quality of research institutions.
The UK’s lowest ranking amongst the G20 nations was for access to finance, such as venture capital and angel funding (ninth place), and for availability of digital skills and entrepreneurial education (seventh place).
The report warns that G20 leaders must do better to support the development of young entrepreneurs and it also identifies a number of key policy recommendations covering:
- Access to finance
- Entrepreneurial culture
- Digital business environment
- Digital skills and entrepreneurial education
- Digital knowledge base and ICT market
With entrepreneurs finding it increasingly difficult to get the funding they need from the high street banks, alternative finance is stepping in to fill the gap, by providing companies with the funding they need for business growth and success.
Our partner business, BM Structured Finance, has a strong reputation in the market place for finding the right funding solutions for all types of SME and entrepreneurial businesses, including distressed businesses. As an independent finance brokerage providing impartial advice on all aspects of business finance, BM Structured Finance is able to source and restructure debt finance for SME businesses, enhancing cash flow liquidity and enabling maximum growth.
Being centrally located within walking distance of “silicon roundabout”, we work with many entrepreneurial businesses across a wide range of industry sectors, guiding them though the various stages of business life from start up to exit and all the challenges in between. If you would like to know more about how we can help you and your business, please contact Steve Govey or your usual Beavis Morgan Partner.