New data from HSBC UK reveals that startup founders in the UK earn an average salary of £58,800, 57% above the national wage, and £21,000 more than the average worker. Nearly 60% of these business owners also pay themselves a dividend, underscoring the lucrative potential of entrepreneurship.
Young Founders on the Rise
While the typical age for launching a UK business remains 32, a growing number of entrepreneurs are under 24, accounting for 25% of new startups. This trend reflects a surge in youth-led ventures over the past five years.
Five Pillars of Startup Success
HSBC UK identifies five key drivers behind high-performing startups:
- Early Investment in AI and Technology
32% of founders credit digital tools with boosting efficiency and growth. - Bold Branding and Market Positioning
34% of entrepreneurs aim for nationwide reach through distinctive brands. - Market Disruption
82% view disruption as a hallmark of success. - Global Ambition from Day One
Over 25% of startups already sell overseas. - Purpose-Driven Business Models
63% prioritise social responsibility or sustainability as core to their mission.
Enhanced Banking Support
From 1 July 2025, HSBC UK will waive monthly fees on its Small Business Banking Account. Customers will retain free UK digital banking, access to Business Specialists, and complimentary digital accounting tools to manage finances more effectively.
“We’re seeing startup founders not only outperform the national average in terms of earnings, but also build businesses with purpose, innovation and resilience at their core. This kind of success, though quick, does not happen overnight. We know all too well many early-stage businesses struggle to access the support they need to get off the ground and we aim to change that. By providing the tools and support entrepreneurs need to succeed, we’re helping more businesses take that leap to earn more and build something meaningful.”
— Tom Wood, Head of SME Business Banking, HSBC UK
HSBC UK’s commitment extends to its Small Business Growth Programme, launched in partnership with Microsoft, UpSkill Universe, and WIRED, offering free resources on technology, marketing, and finance for SMEs at every stage.
For details on HSBC’s new Small Business Banking Account benefits, visit:
hsbc.uk/small-business-bank-account
