Stat of the Day: 14% of UK Start Ups Founded by Immigrants
It’s a report that’s almost 2 years old, but a stat that I only came across today. 14% of UK start-ups are founded by immigrants. To put that into context, that represents one in seven of all UK start ups. That’s pretty impressive.
This is one of a whole host of reasons that I’m incredibly pro-immigration and pro-EU. And I really hope that the UK does not vote to leave the European Union in the upcoming referendum.
Finding this stat got me doing a bit of research about how this figure stacks up overseas too and I came across some more facts that highlight why immigration should be celebrated:
- A third of USA venture backed businesses that went public between 2006 and 2016 have at least one founder who was an immigrant
- A whopping 40% of Fortune 500 Companies were founded by immigrants or their children
- In the USA, 250 of every 100,000 US-born citizens will start a business. Amongst immigrants, this figure rises to a huge 430 in every 100,000.
There are hundreds of reasons I personally believe that global immigration is something to be celebrated, not just business reasons. But some of these stats certainly highlight some of them.