HM Treasury

Enterprise & productivity

Enterprise

An environment that encourages enterprise and supports people who take opportunities and risks is a crucial ingredient of productivity improvement. A strong entrepreneurial base is an essential driver of growth and prosperity in a modern economy. New and more dynamic businesses increase competitive pressures in markets and facilitate the introduction of new ideas, technologies and more efficient working practices.

Despite the rapid growth of the SME sector since the 1970's, rates of entrepreneurial activity in the UK remain moderate by international standards, in particular when compared to the US. To address this gap, the Government is taking steps to:

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