| Abstract : |
A summary report is required from the National Council for Graduate Entrepreneurship to understand how GEM UK may contribute to the evidence base. The report should be brief and give an indication of the available data and some interpretation of it.
This report presents charts and tables that give an overview of graduate entrepreneurial activity in the UK. It is based on the GEM UK 2005 adult population survey (APS) of 32,500 adults of working age in the UK.
The report uses two indicators:
• Total early stage entrepreneurial activity (TEA): This is GEM’s core indicator and is based on the answers to three key questions within the GEM survey: are you alone or with others engaged in some form of start up activity independently of your work and have been paying salaries for less than three months? Are you alone or with others engaged in some form of start up activity as part of your job and have been paying salaries for less than three months? Are you alone or with others the owner or manager of a business?
The TEA calculation takes positive responses from each of these questions to calculate rates of nascent business formation (salaries paid 0-3 months) and baby business formation (salaries paid 3-42 months). TEA is the sum of these two.
Additionally, GEM also calculates the rate of established business ownership (salaries paid for more than 42 months).
• Social entrepreneurial activity (SEA): This is a calculation of all entrepreneurial activity where profit is allocated for community, social or environmental purposes rather than to distribute profit amongst shareholders. It’s calculation is based on similar questions: are you alone or with others starting up a venture, business or initiative with community, environmental or social purposes and are you alone or with others the owner or manager of a venture, business or initiative with community, social or environmental purposes?
In addition to this, the report gives details on other areas of interest such as attitudes towards entrepreneurship and finance as well as barriers to entrepreneurship amongst those who are not involved in any form of entrepreneurial activity (“avoiders”).
Two groups of graduates are compared throughout: those graduating with their highest level of qualification before 2000 and those graduating with their highest level of qualification after 2000. |
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