Majority of UK teens see university as essential, despite rise in entrepreneurial side hustles
A study of 500 teenagers aged 16-19 revealed that 55% see university as the only viable option after secondary school. However, despite this traditional mindset, 36% are already earning money from side jobs.
Yet, many admit there are significant hurdles preventing young people from progressing, with over half (51%) citing lack of funds as their biggest barrier. Furthermore, 46% stated they lack the expert advice or mentorship needed to take the next step independently.
The research was commissioned by small business insurance provider Simply Business as part of its Young Entrepreneur Fund campaign, which will award ten winners grants of £5,000 each after completing a business support programme provided by youth enterprise charity Hatch Enterprise. It comes after calls for 90s tattoo necklaces to return as Maya Jama and Millie Bobby Brown join trend.
Entrepreneur and musician Professor Green, who is on the judging panel, said: "I didn't take the conventional route – I left school without any qualifications, and I definitely didn't get anywhere near university. "No grades, no safety net, just a lot of graft and figuring things out as I went.
"And I know loads of young people feel the same right now. "You've got ideas, ambition, but no one's showing you how to turn that into something real. "
The study also found that 61% believe schools don't provide the necessary education around business skills. However, nearly half (49%) are motivated by Independence, with a desire to be their own boss driving their professional ambitions.
Nearly half of those seeking financial freedom believe that becoming an entrepreneur will boost their earnings. Meanwhile, 35% are hoping to turn their hobbies into careers, according to the survey conducted by OnePoll.
Julie Fisher, CEO at Simply Business, which is accepting applications for the Young Entrepreneur Fund until 9th October 2025, commented: "Our research tells a compelling story – millions of young people dream of being their own boss.
"Yet, only a fraction are able to turn that ambition into a reality. "Small businesses and entrepreneurs are the lifeblood of our communities and economy, and this entrepreneurial spirit represents a treasure trove of opportunity.
"Through this initiative, we are not only providing vital funding and mentorship, but we are also championing the incredible opportunities that entrepreneurship offers."
Professor Green, who recently met with A-Level students at Project Zero youth centre in Walthamstow to discuss their future aspirations, added: "It's about giving people the backing they need to bet on themselves, which in turn helps to support local communities. "Not everybody needs a degree to be successful – but you do need belief, support, and a chance. ".
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