The number of individuals in the early stages of setting up a new business is at the highest level since the report was first published in 1999 and is a clear indicator of the entrepreneurial resilience of the UK. [...] • The pandemic has continued to have the most • The level of youth entrepreneurship in Wales is dramatic impact on intention to start a business with significantly higher in 2021 than it was in 2002, the the rate in Wales continuing to increase in 2021. [...] As a result, the difference in TEA rates between Wales and As Figure 2a shows the rate of early-stage the UK is largely due to the difference in new business entrepreneurial activity in both Wales and the UK ownership in 2021. [...] They include knowing a person who has started a business in the last 2 years; perception Despite the increase in the share of non-entrepreneurs of good opportunities for start-up; self-belief in viewing good opportunities for start-up compared to possessing the relevant skills to set up in business and 2020, the main difference between Wales and the UK in the prevalence of fear of failure as a det. [...] Despite the differences in the percentages, there which is not significantly different to the UK rate of 43.1 are no statistically significant differences in any of the per cent (Figure 11), nor to the rate in 2020.
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