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Earlier this December George Osborne's Autumn statement painted a brighter economic picture for the UK than we have been accustomed to over the last few years. Britain's economy is set to grow by 2.4% in 2014 - with a potential budget surplus also predicted by the end of the decade.

Businesses that may have been constrained by the recession will be looking forward to this period of growth - as investors loosen their purse strings and banks ease restrictions on lending. A change in the nation's fortunes may also see a new generation of entrepreneurs rise to prominence.

The rapid growth of the technology industry, for instance, has produced a new breed of young, risk-tolerant industrialists.

"The risk of working for a startup needs to be seen in context," said George Whitehead to the Guardian this week.  Whitehead works as a venture capital investor and his company backed young businesses such as property search engine Zoopla.

"With lower job security across both the public and private sector, including professions such as banking and consulting - which have traditionally attracted the top graduates - [there's been] an explosion in interest in entrepreneurship," he said. "This is evidenced by the number of thriving university entrepreneur clubs, as well as the rise of Tech City, and formation of numerous new incubators, which are simply signs of the growing demand for investors and entrepreneurs to build great new companies."

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(image: Kate Ter Haar/FlickrCC)