David Cameron has said he wants Britain to become the best country in the world to start, run and expand a business.
The Prime Minister admitted his ambition was still “some way away” due to excessive bureaucracy, taxation and regulation.
But he insisted the idea was beginning to take shape as a result of steps the Government is taking.
Speaking at the first Home Business Summit at Somerset House in central London he said: “I want us to be a nation of entrepreneurs that really respects entrepreneurism and enterprise.
“My ambition is very simple. I want this to be the best country in the world to start, to run and to expand a business.
“Now we are some way away from that because there is still too much bureaucracy, there’s still too much taxation, too many rules getting in the way.
“But when you look at the things we are doing, like start-up loans, like the new enterprise allowance, like cutting business taxes and like getting rid of some of these regulations, I hope you can see an idea forming.”
Ahead of the conference, business minister Matthew Hancock announced measures making it easier to set up a company from a front room or kitchen table in areas such as planning and tenancy agreements.
Mr Cameron, who also met some home entrepreneurs, said it was a “personal” crusade for him, having witnessed his wife Samantha set up her own business from their bedroom.
“There are very few things more noble than starting out on your own and trying to give that opportunity of a job and a livelihood not just to yourselves and your families but to others as your businesses grow.”