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Enterprise: Young guns leading the turnround

By Andrew Bounds

Published: September 30 2008 14:38 | Last updated: September 30 2008 14:38

Merseyside’s dependency culture is turning round and it is the young leading the charge. The area has 23 businesses per 1,000 people compared with 33.1 for the region and 40.4 for the UK as a whole. But start-up rates among 18 to 24-year-olds are twice the national average.

Over the past decade, the number of businesses has grown by a fifth. Five times more people go self-employed every year than in the rest of the UK.

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