UK youngsters 'business-minded'

03 November 2005
UK students at school and university are considering setting up their own business when they leave school, says Natwest.

Natwest Money Matters Survey found over a third of students have innovative business ideas they wish to pursue after they leave university and college.

"School and university students are the future of the UK’s economy and it is therefore great to see that innovation and the desire to go it alone, is widespread amongst our young people," said director of Natwest Business Banking, Pete Ferns.

The survey found two-thirds desire the independence they think a business might give them, over half want to be their own boss, while 53 per cent think they will make more money than if they did a regular nine-to-five job.

The respondents thought the most attractive aspects of running your own business were flexible working hours and more holidays.

Nearly two thirds hope to reward themselves with flexible working hours, 47 per cent want to buy a property and 44 per cent hope that by going it alone, they will get more holidays than in a standard office job.

A survey by the Warwick Business School conducted earlier this year found 75 per cent of businesses were owned by men while only 25 per cent had female owners.

Natwest offers a Flexible Business Loan to customers who want to set up their own business.

To read more about Business Loans, click here.

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