Bev Hurley is the chief executive officer of the YTKO Group and was recently appointed chair of the Institute of Economic Development. She talks to New Start about what’s needed for a thriving entrepreneurial economy. ————————————————– On the UK’s obsession with start-ups: My company, The YTKO Group, is focused on helping small businesses to grow and scale. In our public sector work, we run a number of services, including Outset, Enterprising Women and Get Set for Growth, and have supported 15,000 businesses over the last decade. I’m always shocked by the failure rate of businesses in the UK, where only 60% survive to three years, and within micro businesses and disadvantaged areas that failure rate anecdotally is a lot higher. To me that is a waste, and we’ve proved that it can be significantly improved. Also small businesses in the UK are very small, with 96% having fewer than 9 … (To read the full article, subscribe below)

Clare Goff

Clare Goff is Editor at New Start magazine