Policies aimed at supporting young enterprise must be grounded in a thorough understanding of the practical needs of young entrepreneurs

Benedict Dellot argues for the need to support young entrepreneurs. Data shows there is a big gap between the number of 18-24 year olds indicating they want to start a business versus those that have attempted, and that many are giving up shortly after starting up. Government should emphasise the importance of finance and creating a business-plan, among other support initiatives, in order to realise an ‘aspiration nation’.