October 24, 2010 19:04 ET

Enterprising Van Drivers Go It Alone in the Face of Recession

MANCHESTER, UNITED KINGDOM--(Marketwire - Oct. 24, 2010) - A new survey has found that entrepreneurial van drivers have responded to job losses due to the recession by starting up their own businesses.

The survey, carried out by Swinton Commercial, one of the UKs largest van insurers asked 1200 van drivers about the companies they worked for and their employability options.

The study revealed that 35% of the van insurance drivers we spoke to had started their own businesses after being made redundant from their previous employers. 30% have been with a company for over 5 years, whilst 20% had worked for a company for 2 years or less and 15% are still seeking work.

The marked increase in small 'van and man' businesses has shown the industry is sufficiently robust enough to withstand the shock of a recession and will be good news for white van men across the country. It has shown that van drivers can diversify their work load and branch out into other sectors such as removals or transportation, and because the businesses can maintain low overheads it is providing a good living for van drivers across the country.

Commenting on the findings, Phil Moss, Commercial Vehicle Manager at Swinton said "The news that enterprising van drivers are going it alone in the face of the recession and job cuts is a testimony to the industry. Even in these hard times it shows there is sufficient demand for the industry to sustain its level of work, and we have the van drivers themselves to thank for that. It is my hope that in the future more van drivers will take the brave step of setting up their own businesses, incentivised by the new governments tax breaks for small to medium sized enterprises".

About Swinton

  • With 603 branches nationwide Swinton is the UK's largest high street insurance retailer
  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community 
  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
  • With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates

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