More than a third (37%) of entrepreneurs in the UK have turned their hobbies and passion projects into successful businesses, according to Weebly.
The study of more than 2,600 entrepreneurs discovered that the vast majority (90%) think Britain is a good place to start a business and feel confident about the future. And a potential Brexit and recent uncertainties in Asia unleashing fears of a new global recession are not worrying the UK's new generation of entrepreneurs, with almost 80% of those surveyed optimistic about the future of small businesses in the UK over the next five years.
Weebly also found that women now make up more than 45% of the UK's new breed of entrepreneurs. Although Millennials (31%) and Generation X (38%) are the largest demographic of the UK's entrepreneurial community. A growing number of Baby Boomers (19%) are giving up retirement and opting for a second career, starting up their own business. A contagious entrepreneurial fever has hit teens to, with a staggering 11% of 13-17 year olds claiming to have launched their hobby as a business.
A strong and growing interest in launching a business has spread across the nation's biggest cities with Birmingham, Bristol, Edinburgh, Glasgow, Leeds, Liverpool, London and Manchester identified as the fastest growing entrepreneurial hotbeds.
Dion McKenzie, country manager at Weebly UK, said: "This study is clearly showing how the UK entrepreneurs are fully taking advantage of the opportunities offered by the digital economy to build their businesses. Now there is a record 5.2 million small businesses in the UK, making a massive contribution to the country's economic output, and intuitive and user-friendly technologies will only further boost the growth of the UK's entrepreneurial community, paving the way for a new UK economy."