{"id":33174,"date":"2025-03-04T17:19:54","date_gmt":"2025-03-04T17:19:54","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/?page_id=33174"},"modified":"2025-11-18T10:12:47","modified_gmt":"2025-11-18T10:12:47","slug":"gen-entrepreneur-report-2025","status":"publish","type":"page","link":"https:\/\/www.simplybusiness.co.uk\/resources\/gen-entrepreneur-report-2025\/","title":{"rendered":"FSB x SB Young Entrepreneurs landing page"},"content":{"rendered":"\n
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The next generation of <\/strong>
small businesses need our help<\/strong><\/h1>\n\n\n\n

We’re working with the Federation of Small Businesses to support
young entrepreneurs and help them realise their dreams<\/p>\n<\/div>\n\n\n\n

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Entrepreneurship offers young people a great opportunity to realise their dreams and contribute to their local communities. By starting their own businesses, they can unleash their creativity and turn their passions into successful ventures. Almost two thirds of young people dream of running their own business, but only 16% are actually getting started.<\/p>\n\n\n\n

This gap between aspirations and reality indicates that there are significant barriers to entry when it comes to entrepreneurship. This is exactly why we\u2019ve launched a joint research paper with the Federation of Small Businesses (FSB) to pinpoint the most glaring challenges for young entrepreneurs, and advocate for their success.<\/p>\n\n\n\n

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Read the report<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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of young people (aged 18-35) currently own, or are interested in owning, a business<\/p>\n<\/div>\n<\/div>\n\n\n\n

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of young people have
a business or are in the process of setting
one up<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Barriers facing the next generation of small<\/strong> businesses<\/strong><\/p>\n\n\n\n

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of young people who attended secondary school in England were provided with knowledge, guidance, and support around setting up a business.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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of young entrepreneurs struggle to access finance when starting a business.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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of young entrepreneurs say they struggle with knowledge and understanding of marketing.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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of young people say they were discouraged from starting a business while at school. This figure rises to 25% in Wales.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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of young entrepreneurs say that they are using payday loans to fund their business, indicating financial vulnerability.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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of young entrepreneurs feel that they don’t have access to networking opportunities.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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What do young entrepreneurs need to succeed?<\/strong><\/p>\n\n\n\n

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Our joint research report with the FSB offers in-depth recommendations to government bodies, local councils, and industry bodies like the Competition Markets Authority that will make it easier for young entrepreneurs to launch, run, and grow their own business. For example:<\/p>\n\n\n\n

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