Financing fears are putting off Britain’s would-be entrepreneurs

 
Madeline Ratcliffe
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Almost 40 per cent of Brits want to start their own business. (Source: Getty)
Forget a nation of shopkeepers, we’d like to be a nation of entrepreneurs – almost 40 per cent of Brits want to start their own business.

But a lack of stable income and fears over financing are forcing Brits to bin their business plans, according to a survey from Intouch Accounting.

More than half of under-35s said they would like to start their own business, with 60 per cent of women aged between 18 and 34 saying they would like to be their own boss.

Fears over income were the ultimate obstacle for 47 per cent of participants, despite the fact Britain’s SMEs gen­er­ate a yearly turnover of over £1 trillion, a third of total turnover.

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