Entrepreneurship and the economy

In order for businesses to prosper and provide the engine of growth for an economy, there have to be new ideas. People who have the initiative, drive and confidence to promote new ideas and set up new businesses are described as ‘entrepreneurs’. How important is entrepreneurship to growth? What can governments do to promote entrepreneurship? Nick Raikes talks to Conservative MP Mary Macleod, who is the British Prime Minister’s small business ambassador for London. Nick Raikes Editor - Thinkeconomics