Have a question?
033 3772 0409

Legal News

Migrant entrepreneurs make substantial economic contribution says report (7 March 2014)

Date: 07/03/2014
Duncan Lewis, Legal News Solicitors, Migrant entrepreneurs make substantial economic contribution says report

Migrants are driving entrepreneurial spirit in the United Kingdom, according to a new major study showing workers that have arrived from abroad are twice as likely to set up their own businesses compared to UK-born individuals.

The research published by the Centre for Entrepreneurs in conjunction with DueDil has revealed that migrant business people are behind more than 15 per cent of limited companies in the country with Irish, Indian, German, American, Chinese and Polish nationalities currently leading the way.

It also outlined several key findings, using data from Companies House, ONS and YouGov polling including the fact that over half a million migrants are currently contributing to the UK economy through their own businesses and are employing in excess of 1.1 million people. The average age of foreign-born entrepreneurs is also significantly younger at 44.3 years compared to their UK-born counterparts.

London remains a hotbed of entrepreneurial activity with 188,000 migrant businesses, which is eight times more than the amount in Birmingham and Belfast. The public perception of immigration has soured during the last 12 months. British people look more favourably on overseas-born entrepreneurs, with almost half revealing that they make a positive contribution to the economy.

Duncan Lewis is a leading legal aid practice, providing the highest level of expertise and over 190 immigration solicitors to help you. With several offices in London, we can reach you within the hour. Our team is available 24/7, 365 days a year.

Call us now on 033 3772 0409 or click here to send online enquiry.
Duncan Lewis is the trading name of Duncan Lewis (Solicitors) Limited. Registered Office is Spencer House, 29 Grove Hill Road, Harrow, HA1 3BN. Company Reg. No. 3718422. VAT Reg. No. 718729013. A list of the company's Directors is displayed at the registered offices address. Authorised and Regulated by the Solicitors Regulation Authority . Offices all across London and in major cities in the UK. ©Duncan Lewis >>Legal Disclaimer, Copyright & Privacy Policy. Duncan Lewis do not accept service by email.