{"id":40991,"date":"2025-08-14T10:42:28","date_gmt":"2025-08-14T10:42:28","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/?post_type=knowledge&p=40991"},"modified":"2025-08-14T15:27:39","modified_gmt":"2025-08-14T15:27:39","slug":"rise-of-young-entrepreneurs","status":"publish","type":"knowledge","link":"https:\/\/www.simplybusiness.co.uk\/knowledge\/starting-out\/rise-of-young-entrepreneurs\/","title":{"rendered":"A Level results day 2025 \u2013 the rise of young entrepreneurs"},"content":{"rendered":"\n

New research highlights the growing trend of teenagers aspiring to start a business across the UK. And as young people await their A Level results on 14 August, many might be considering their options beyond university. <\/p>\n\n\n\n

Data from Simply Business shows that three quarters of 16 to 19 year olds have ambitions to start a business, but something’s holding them back. The research also revealed that 36 per cent are already
making money from side hustles.<\/p>\n\n\n\n

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Want to win \u00a35k?<\/h2>\n\n\n\n

If you’re aged 18-30 and have dreams of running your own business, enter the Young Entrepreneur Fund to be in with a chance of winning a \u00a35,000 business grant \u2013 plus tailored business support to help you grow your business.<\/p>\n\n\n\n

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Enter now<\/a><\/div>\n<\/div>\n\n\n\n

T&Cs apply. One entry per person and business. The Young Entrepreneur Fund promotion is open to UK residents aged between 18 and 30. For full eligibility terms visit simplybusiness.co.uk\/campaign\/young-entrepreneur-fund<\/a>. Competition closes 23:59 on 9 Oct 2025. Simply Business will announce winners on or before 21 Nov 2025.<\/em><\/sub><\/p>\n<\/div>\n\n\n\n

Barriers to building a business<\/h2>\n\n\n\n

Our survey of 500 young people aged 16 to 19 identified the biggest obstacles they face. The top three barriers are all about a lack of support.<\/p>\n\n\n\n

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51%<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

lack of funding<\/p>\n<\/div>\n\n\n\n

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46%<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

lack of mentorship<\/p>\n<\/div>\n\n\n\n

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61%<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

lack of business education in schools<\/p>\n<\/div>\n<\/div>\n\n\n\n

How to help the next generation of founders<\/h2>\n\n\n\n

Our data also shows that only half (55 per cent) of this new generation of business owners view higher education as their only viable option after leaving school. This highlights a critical need for new pathways and support systems.<\/p>\n\n\n\n

Encouraging this entrepreneurial spirit and tackling the leading barriers to entry, Simply Business has partnered with entrepreneur, social mobility advocate, and musician Stephen Manderson \u2013 better known as Professor Green \u2013 to launch the Young Entrepreneur Fund.<\/p>\n\n\n\n

The fund, which launches on 14 August, will give away:<\/p>\n\n\n\n