According to research from YouGov and the University of Buckingham, over a third (38%) of Generation Z (18 – 25 year olds) would be concerned about starting their own business in Britain in 2020 because of the potential consequences of Brexit.  Of those who have or are planning to start their own business, this number rises to 54%.

Almost one in three (28%) also expressed worry about the recent General Election, and over a quarter (27%) said international trade matters like trades wars and trading with the EU were a concern.

Risk and financial support were also noted as key factors in whether young people would consider starting a business.  Over half (52%) of those asked felt there is too much risk involved in launching a business, and nearly half (47%) of young people claimed the fear of not being able to support themselves financially would prevent them.

A lack of education in entrepreneurialism also appears be a problem. Only a quarter (25%) of Generation Z in the UK received any education, career advice or extracurricular activities relating to entrepreneurialism.  

The type of school also had an effect on how young people feel about risk and financial support.  More than half (55%) of those that went to non-selective state school worry they wouldn’t be able to support themselves financially versus just 42% of young people who went to a private fee-paying school.  

This comes as the University of Buckingham announces that for the first time, it will be offering matched funding for tuition for 20 first year students applying to their 2020/2021 Business Enterprise BBE degree to help alleviate some of those barriers.  A group of entrepreneurs, including Adam McGill, Founder, Fizz Group, are funding the additional course fees.  Additionally, since the undergraduate degree is taught over two years instead of the usual three, students are likely to have less debt through living expenses, as well as tuition fees. 

The mismatch in enterprise education in schools has also an effect on how confident young people feel about starting a business. Forty-two percent of state educated young people said they would not feel confident enough to start their own business, versus just 32% of young people who went to private schools.

Sir Anthony Seldon, Vice Chancellor, University of Buckingham, said

“As British business faces an uncertain future, it is vital that we support entrepreneurialism, and ensure Britain remains a world leader in enterprise and innovation.


“But to do this we must nurture our next generation to enable young entrepreneurial talent to shine through.  For too long, entrepreneurialism has been deprioritised in schools and children have been taught to avoid risk.  This is a mistake.”

We urge Prime Minister Boris Johnson, to get entrepreneurialism on the curriculum in schools and change the perception on enterprise education.  Teaching enterprise in schools is crucial for Britain to have the edge in creating ambitious entrepreneurs.”

Adam McGill, entrepreneur and founder of Fizz Group, experienced first-hand the lack of educational support available: 

“I got that entrepreneurial instinct when I started my business at 15 years old and still in school. When I spoke to my teacher about my ambitions, I was told I was stupid.

“Our education system needs to encourage and support interest in entrepreneurialism among young people. While starting a business might be riskier than becoming a doctor, we need to celebrate and encourage a healthy amount of risk that can pay off in dividends for young people, and the country as a whole. Despite being told by teachers to pursue the standard academic route, I knew that my decision to become an entrepreneur and support my family was the right one.

“I believe passionately in improving access to entrepreneurialism for all young people and this is why I decided to become a donor to the University of Buckingham matched funding scheme.”  

Phillip Salter, The Entrepreneur’s Network (TEN), commented: 

Despite political turmoil, Britain has continued to remain a global hub of entrepreneurship. However, for this to truly continue we can’t overlook key issues such as talent and nurturing young entrepreneurs.

A strong start-up eco-system is key to economic growth and innovation in Britain, and to maintain this we must consider modernising school curriculums to encourage entrepreneurialism.”

Methodology: 1,004 respondents completed the survey which was carried out to understand how accessible it is to become an entrepreneur and what the barriers are. All figures, unless otherwise stated, are from YouGov Plc. Fieldwork was undertaken between 25th - 27th November 2019.  The survey was carried out online. The figures have been weighted and are representative of all Great British 18 - 25 year olds.

You may also be interested in these articles:

Register, Login or Login with your Social Media account:


Newsroom Activity

Jo Moriani added a new event 2 hours

How learning providers can support victims and survivors...

Overview The aim of this course is to raise awareness of the impact abusive relationships can have, the challenges in speaking out and the impact...

  • Wednesday, 26 August 2020 10:30 AM
  • Online

Latest Education News

Further Education News

The FE News Channel gives you the latest education news and updates on emerging education strategies and the #FutureofEducation and the #FutureofWork.

Providing trustworthy and positive Further Education news and views since 2003, we are a digital news channel with a mixture of written word articles, podcasts and videos. Our specialisation is providing you with a mixture of the latest education news, our stance is always positive, sector building and sharing different perspectives and views from thought leaders, to provide you with a think tank of new ideas and solutions to bring the education sector together and come up with new innovative solutions and ideas.

FE News publish exclusive peer to peer thought leadership articles from our feature writers, as well as user generated content across our network of over 3000 Newsrooms, offering multiple sources of the latest education news across the Education and Employability sectors.

FE News also broadcast live events, podcasts with leading experts and thought leaders, webinars, video interviews and Further Education news bulletins so you receive the latest developments in Skills News and across the Apprenticeship, Further Education and Employability sectors.

Every week FE News has over 200 articles and new pieces of content per week. We are a news channel providing the latest Further Education News, giving insight from multiple sources on the latest education policy developments, latest strategies, through to our thought leaders who provide blue sky thinking strategy, best practice and innovation to help look into the future developments for education and the future of work.

In May 2020, FE News had over 120,000 unique visitors according to Google Analytics and over 200 new pieces of news content every week, from thought leadership articles, to the latest education news via written word, podcasts, video to press releases from across the sector.

We thought it would be helpful to explain how we tier our latest education news content and how you can get involved and understand how you can read the latest daily Further Education news and how we structure our FE Week of content:

Main Features

Our main features are exclusive and are thought leadership articles and blue sky thinking with experts writing peer to peer news articles about the future of education and the future of work. The focus is solution led thought leadership, sharing best practice, innovation and emerging strategy. These are often articles about the future of education and the future of work, they often then create future education news articles. We limit our main features to a maximum of 20 per week, as they are often about new concepts and new thought processes. Our main features are also exclusive articles responding to the latest education news, maybe an insight from an expert into a policy announcement or response to an education think tank report or a white paper.

FE Voices

FE Voices was originally set up as a section on FE News to give a voice back to the sector. As we now have over 3,000 newsrooms and contributors, FE Voices are usually thought leadership articles, they don’t necessarily have to be exclusive, but usually are, they are slightly shorter than Main Features. FE Voices can include more mixed media with the Further Education News articles, such as embedded podcasts and videos. Our sector response articles asking for different comments and opinions to education policy announcements or responding to a report of white paper are usually held in the FE Voices section. If we have a live podcast in an evening or a radio show such as SkillsWorldLive radio show, the next morning we place the FE podcast recording in the FE Voices section.

Sector News

In sector news we have a blend of content from Press Releases, education resources, reports, education research, white papers from a range of contributors. We have a lot of positive education news articles from colleges, awarding organisations and Apprenticeship Training Providers, press releases from DfE to Think Tanks giving the overview of a report, through to helpful resources to help you with delivering education strategies to your learners and students.


We have a range of education podcasts on FE News, from hour long full production FE podcasts such as SkillsWorldLive in conjunction with the Federation of Awarding Bodies, to weekly podcasts from experts and thought leaders, providing advice and guidance to leaders. FE News also record podcasts at conferences and events, giving you one on one podcasts with education and skills experts on the latest strategies and developments.

We have over 150 education podcasts on FE News, ranging from EdTech podcasts with experts discussing Education 4.0 and how technology is complimenting and transforming education, to podcasts with experts discussing education research, the future of work, how to develop skills systems for jobs of the future to interviews with the Apprenticeship and Skills Minister.

We record our own exclusive FE News podcasts, work in conjunction with sector partners such as FAB to create weekly podcasts and daily education podcasts, through to working with sector leaders creating exclusive education news podcasts.

Education Video Interviews

FE News have over 700 FE Video interviews and have been recording education video interviews with experts for over 12 years. These are usually vox pop video interviews with experts across education and work, discussing blue sky thinking ideas and views about the future of education and work.


FE News has a free events calendar to check out the latest conferences, webinars and events to keep up to date with the latest education news and strategies.

FE Newsrooms

The FE Newsroom is home to your content if you are a FE News contributor. It also help the audience develop relationship with either you as an individual or your organisation as they can click through and ‘box set’ consume all of your previous thought leadership articles, latest education news press releases, videos and education podcasts.

Do you want to contribute, share your ideas or vision or share a press release?

If you want to write a thought leadership article, share your ideas and vision for the future of education or the future of work, write a press release sharing the latest education news or contribute to a podcast, first of all you need to set up a FE Newsroom login (which is free): once the team have approved your newsroom (all content, newsrooms are all approved by a member of the FE News team- no robots are used in this process!), you can then start adding content (again all articles, videos and podcasts are all approved by the FE News editorial team before they go live on FE News). As all newsrooms and content are approved by the FE News team, there will be a slight delay on the team being able to review and approve content.

 RSS IconRSS Feed Selection Page