Britain’s scientific and technology communities have warned that innovation could suffer if the Government slashes public spending.

But Meyer is confident that entrepreneurial businesses will emerge triumphant in the long term.

She told Business Weekly: “It is clear that there are going to be cuts, but entrepreneurs are an essential part of our country’s growth story and as such ought to thrive and not just survive

“Entrepreneurs remain an essential part of the growth story for the UK in light of impending government cuts.”

Meyer, who is CEO of Ariadne Capital, founder of Entrepreneur Country and BBC Online Dragon, added: “As any CEO of any size company knows, you can and must keep costs in line, but at the end of the day, you can't survive as a company unless you have a growth story.     

“Countries are no different; it's just a different sized system. That's what entrepreneurs do - they build growth stories.    

“So as the nation readjusts its costbase to the new reality, the entrepreneurs are hard at work building growth, creating jobs, and through that, channelling taxable corporate income into the Treasury – all the while building the reputation of British based companies around the world.”

This article was first published in Business Weekly on 19 October 2010

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