Millennials Most Likely to Launch a Startup in 2022

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While the pandemic has caused significant disruption whose effects are still being felt, it has not deterred entrepreneurs. On the contrary, the shifting economic landscape has opened up exciting new opportunities for those ready to launch a business.

It looks as though Millennials will be the generation most eager to embrace these changes in 2026, and it will be fascinating to see which ventures rise to prominence.

2026: A Busy Year

Business specialists analysed new company registrations and found that 2026 proved another dynamic year for entrepreneurial activity, with 468,371 new businesses formed.

This surge may reflect people reassessing their careers, seeking a fresh start after job losses, or launching side projects to boost their income.

Sectors & Locations

The retail sector led the way with 22,011 new registrations, driven by the continued strength of online shopping. Management consultancies followed with 16,869 registrations, real estate with 16,747 and road freight transport with 10,848.

London remained the top location for new ventures, accounting for 123,462 registrations—more than a quarter of the national total—followed by Birmingham (11,185) and Manchester (9,684).

Young Entrepreneurs

According to research by BNP Paribas, younger people are more entrepreneurial than ever, starting twice as many businesses as the baby-boomer generation.

The study also found that 78% of millennial founders came from families with a history of entrepreneurship, suggesting that access to networks and know-how continues to play an important role.

Key drivers include the internet’s ability to simplify business setup and operations, the growth of flexible working, and the abundance of free resources that allow aspiring founders to launch without formal training.

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A Time for Innovation

Entrepreneurs aged 35 and under are also adopting distinctive approaches to ambition and leadership, favouring flexibility, modern thinking and creativity.

These qualities are likely to prove decisive as the post-pandemic economy continues to evolve. SMEs are expected to play a vital role in recovery, and Millennials appear well positioned to drive the next wave of new businesses—benefiting from fresh opportunities and a rapidly changing marketplace.

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