1 in 4 students runs a business or plans to start


A study from research firm Youthsight, commissioned by Santander Universities UK, found that nearly a quarter of university students are running their own business or plan to do so. The study of 2,000 full-time undergraduates estimated that the collective turnover of student businesses is over £44m a year. Around 24% of those surveyed were running their own business or intended to start one while studying. The most popular areas were in technology-based solutions or arts and crafts, followed by clothing and textiles, catering and tutoring. Online selling was the most popular channel with nearly half selling their services via their own website, 13% via other websites, such as eBay and Gumtree, and 11% through social media sites. Santander Universities UK was set up in 2007 as part of the bank's corporate social responsibility programme aimed at collaborating with universities and research centres. Simon Bray, director of Santander Universities UK, said: 'Students are gaining significant sums of money and invaluable experience as a result of their entrepreneurial ventures. The prevalence of these businesses demonstrates a great deal of skill and initiative from students across the UK'. Meanwhile, the government's £310m Start Up Loans finance scheme has distributed more than 20,000 loans across the UK. The Start Up Loans Company, which is chaired by James Caan, said that 54% of the loans have gone to 18 to 30-year-olds.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?