Enterprise Nation

Highlights from the Home Business Report, compiled by Enterprise Nation and sponsored by BT.

• The home is the most popular location to start a business
• More than 60% of businesses are started from home; equal to more than 1,400 each week
• There are 2.1 million home based businesses in the UK, contributing £364 billion in turnover to the UK economy
• The highest growth in home business is coming from Mums, young people and the over 50’s
• The fastest growing sectors are business & professional services, personal services, online trading, food and domestic energy
• London and the South East have the largest number of home based businesses but the Northwest and West Midlands are catching up fast
• 86% of home business owners want to grow their business, without leaving home
• Home business owners are IT savvy; in entries to the Enterprise Nation Home Business Award, 98% of entrants had a business website and 64% were utilising e-commerce platforms
• Home business owners are friendly to the environment; an increase in homeworking could cut peak traffic by up to 10% within 5 years
• The family benefits too! 87% of homeworking parents confirm that their being at home is good for the children who are being trained as next generation entrepreneurs!