Page 50 - guidance-supporting-europe-s-aspiring-entrepreneurs-policy-and-practice-to-harness-future-potential

Guidance supporting Europe’s aspiring entrepreneurs
Policy and practice to harness future potential

2009). To create a strong base of innovative entrepreneurs, policies need to
focus on supporting new business creation as well as supporting and guiding
new businesses in their early stages.

Figure 4. Enterprise births in 2007 (per 100 active enterprises)

30

25

20

15

10

5
0
LT RO BG UK PT SK NL EE DK LV LU SI FR FI ES CZ DE HU IT AT SE BE CY

The indicator is the ratio between the number of enterprises created and the active
number.
Source: Eurostat, 2007. Available from Internet:
http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=bd_9b_size_cl&lang=en
[cited 5.3.2011]

As shown by Figure 4, the business birth rate in Europe (the share of new
enterprises as a percentage of all enterprises) ranges in Europe from 25% in
Lithuania to just a little above 3% in Cyprus. This means that there is a high
degree of new entrepreneurial activity in countries such as Bulgaria, Lithuania,
Romania, Portugal and the UK. However, the business survival rate is the
highest in Cyprus (which has the lowest new business birth rate), followed by
Slovenia, UK, Austria and Luxembourg (see Figure 5).

Figure 5. Percentage of 2005 business births that survive two years to
2007

100

80

60
40
20
0
CY SI UK AT LU FR RO IT FI LV DE SK NL CZ HU LT PT BG

Data for Slovenia and France refer to 2004-06, data for the UK refer to 2003-05.
Source: Eurostat, 2007. Available from Internet:
http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=bd_9b_size_cl&lang=en
[cited 5.3.2011]

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