Financial Times’ Giles Wilkes

Young Entrepreneurs Lead the Way in Small Business Funding

Young Entrepreneurs Lead the Way in Small Business Funding

UK small and medium enterprises are increasingly optimistic about future growth ambitions as the number of firms securing investment excels – up 44% from 26% in 2013 – the third annual Albion Growth Report has found. The report, conducted by venture capital trust Albion Ventures with over 1,000 companies, found that small businesses ran by entrepreneurs aged 35 and under have the biggest appetite for investment. 29% of young business owners have attempted to raise finance opposed to 14% of entrepreneurs aged over 45. However 15% of these young founders admitted they had failed to raise funding despite their attempts. Young entrepreneurs were also far more willing to admit that they would benefit from business mentoring (24% compared to 17% of those over 45). The report also highlighted a s... »