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30% of university students are budding entrepreneurs

Students - 30% of students run or plan to run a business whilst at university - SantanderCB

New research from Santander Universities, commissioned to mark its sixth annual Entrepreneurship Awards, reveals that 30% of students run, or plan to run, a business while they are still at university. 

This is a 38% increase on last year's survey. The average turnover of a student business is £13,213 per annum, equivalent to a collective £913m.

Technology-based solutions (22%) and arts or crafts (18%) are the most common type of student ventures.

57% of student entrepreneurs plan to continue their business as a second job or hobby once they finish university with just 3% planning to close their venture.

Students from the University of Birmingham and Imperial College London won top prizes of £15,000 in the Santander Universities Entrepreneurship Awards.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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