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Centre for Policy on Ageing | |
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The grey economy
— how third age entrepreneurs are contributing to economic growth | | Author(s) | Ron Botham, Andrew Graves |
| Corporate Author | NESTA - National Endowment for Science, Technology and the Arts |
| Publisher | NESTA, London, August 2009 |
| Pages | 62 pp (Research report) |
| Source | Download: http://www.nesta.org.uk/library/documents/third-ag... |
| Keywords | Companies ; Business formation ; Older people ; Middle aged ; Economics ; Reports. |
| Annotation | People aged 50+ have a significant role to play in in growing businesses, and this report outlines the contribution of such "third age entrepreneurs" in founding businesses. In research involving a combination of a literature review, analysis of company records and a telephone survey, this survey focuses on companies founded between 2001 and 2005. These new starts had 487,400 founding directors, a quarter of them aged 50+, a greater proportion than might be expected. The study addresses issues such as what motivates third age entrepreneurs, what advantages they bring, and how they differ from young founders; and what the barriers are to third age business formation. Following an introduction, It estimates the number, sectoral distribution, innovation and employment contribution of new businesses, in particular those set by third age individuals. Next, it examines the characteristics of founders and the start-up process. Lastly, there is an analysis of the factors making for, or constraining, new company growth. Appendices comprise the project methodology, literature review, results of analysis of the 2005 Small Business Service Small Firms Survey, and some company case studies. (RH). |
| Accession Number | CPA-100315001 E |
| Classmark | X2: WSR: B: SE: W: 6K |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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