The population is getting older, with many more people aged 50 and over. Their economic contribution is also increasing. More people are working beyond statutory retirement age. And more of them are running their own businesses.

At the same time, particularly during a time of recession, the government has a strong interest in encouraging more people to become self-employed or set up their own company.

Particularly where such companies create work for others, they can make a valuable contribution to the recovery.

http://www.nesta.org.uk/assets/Uploads/pdf/Research-Report/third-age-entrepreneurs-report-NESTA.pdf