BrewDog creator James Watt has actually claimed there “has never been a more difficult time to start a business in the UK”, criticizing the Chancellor’s Budget for making it harder for business owners.
It came as the Scottish business person, whose remarks regarding work-life equilibrium have actually stired conflict in current weeks, revealed prepare for a brand-new fact program with the biggest prize money in UK television background.
Mr Watt is looking for business owners to participate in House Of Unicorns, in which they will certainly have a possibility of winning ₤ 2 million to assist expand their companies.
The business owner, that co-founded craft beer gigantic BrewDog in Aberdeenshire in 2007, will certainly spend ₤ 1 numerous his very own cash money right into the winning company, with an additional ₤ 1 million from Founders Capital, Europe’s biggest creator financier area.
Mr Watt is partnering with Sony and Whisper Productions to make the brand-new program, having actually formerly purchased a boating of companies via his The Next Unicorn on-line program.
Founders, business owners and magnate will certainly be executed their speeds throughout 6 weeks to contend for the possibility to declare the ₤ 2 million reward.
Mr Watt claimed the prepare for the program came from stress over the present variety of company financial investment programs, such as Dragons’ Den and The Apprentice.
He claimed: “I’ve always been so disillusioned and, frankly, fed up with the tired format of reality TV business shows relying on worn-out tropes and stale stereotypes of entrepreneurs for comedy value, which are well past their sell-by date.”
He claimed he intends to “double the amount” of UK unicorns– companies valued at ₤ 1 billion or even more– via the program.
However, he informed the information firm he thinks plans by the brand-new Labour Government have actually made beginning a brand-new company harder in the UK.
He included: “I think we partly wanted to do this because it’s never been a more difficult time to start a business in the UK.
“There are still an amazing batch of entrepreneurs and opportunities in the UK, but I think the environment at the minute does mean that some need that extra support to really grow to their full potential.
“I don’t think the autumn Budget was helpful, and we are seeing founders leaving to run businesses overseas, so I really hope we see the momentum shift soon.”
