What commercial factors contributed to england's decision to seek colonies in the new world?

England was dealing with economic and political problems. 
The excitement and freshness of the New World intrigued them
They thought it was the perfect place to start fresh and create a society without the same flaws of the English's. 
The New World also had potential to create a market for English products and thus bring profit to England.

England was dealing with economic and political problems, and the freshness and excitement of the New World intrigued them, and they thought it was the best place to start new and to create a society that had none of the English's flaws. The New World also had potential to make a market for English products and to bring profit to England.

That really sucks, but i don't know who your leader is, and i don't want to write that much