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Latest findings have revealed that more and more students are turning to the world of contracting alongside their universality studies.

According to research carried out by PeoplePerHour, which surveyed 1,549 new business founders, in the last year the UK has seen a 42% rise in the number of UK students earning money through contracting.

The data found that the majority of student entrepreneurs were contracting due to a lack of job security (61%) and to help with their student debts (49%).

It was also revealed that as many as 11% admitted to working on their business during lectures, with the report stating that this demonstrates that there is ‘no shortage of motivation among students’.

Xenios Thrasyvoulou, founder and CEO, PeoplePerHour, commented on the recent findings, “It’s really encouraging to see such a great spirit of entrepreneurialism amongst young people.

“This is exactly what we need to ensure that we don’t return to the days of recession.

“For too long the world’s great economies relied upon a handful of big businesses to lead the way. It only took a small wobble to bring the whole lot crashing down.

“Rather than relying on other people, it seems that this generation of students are determined to make it on their own, carving their own way across the business landscape.”

Simon Dolan is the Managing Director for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual.
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