A Comparative Analysis of Start-Up Entrepreneurship Support between the UK and Kingdom of Saudi Arabia

Abdulaziz Abdulmohsen Al Falih

Abstract


Start-ups in many countries face numerous challenges especially the inadequacy of financial and professional support. Lending to startups is perceived as risky due to the high possibility of business failures.  Globally, there is a consensus on the significance of entrepreneurship particularly for social and economic development. Consequently, the correlation between startups and entrepreneurial support has attracted immense interests from researchers and policymakers.

In this paper, the researcher sought to identify the support systems availed to startups in the UK and Sudi Arabia and compare the ease of establishing new businesses between the two countries. A qualitative and quantitative research approach was adopted with a sample of 100 participants from each country. The data collected wasanalysed using statistical package for social scientists (SPSS) and presented in the form of tables and graphs. The results showed that government support systems had a significant impact on the performance of startup entrepreneurship in the two countries under consideration. It was also found that startup entrepreneurship support systems were more favorable in the UK than in Saudi Arabia. In conclusion, the researcher formulated some recommendations for increasing support for startup entrepreneurship in both countries including the provision of practical programs for encouraging entrepreneurial mindsets, especially among learners.

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DOI: https://doi.org/10.5296/jebi.v7i2.17511

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