Returnships – why are the figures rising?

Is retirement not all it’s made out to be for you? Perhaps you took early retirement for a nice peaceful life, but now, a few years in, you’re feeling like you have the energy to try a new project. It might be time for you to consider a returnship.

What is a returnship?

Simply put, a returnship is when someone returns to work from taking time away from working due to a number of reasons such as raising children, retirement or health-based reasons. A returnship can be on an employed basis, or a self-employed basis. The opportunity to return to work may give you chance to return to a previous field, or to learn something completely new.

Why are returnships increasing?

Over the past few years, the number of individuals taking part in a returnship (whether that’s employed or self-employed) has increased. There’s many reasons why someone would choose to return to work after a prolonged break, but here’s a few of the most common ones:

Post-pandemic attitudes After many months of being confined to the four walls of our homes, a lot of retired people found themselves getting quite bored. This resulted in a fresh outlook on life, and people wanting to grasp any opportunity that came their way. People also had more time to think about business ideas, or skills they want to develop.

Cost of living crisis Straight out of the pandemic comes the cost of living crisis that we are all currently suffering with. Many retirees are finding that living off their pension alone is a real stretch. Starting up a part-time job or their own business is a way to generate some extra income to help pay the bills and give them some expendable income to be able to live the life they deserve in retirement.

More home-based opportunities There has been a sharp increase in the amount of home-based working opportunities available. These opportunities may be perfect for someone who wants to return to work, but avoid the stressful commutes and working in a busy office.

Technology evolution Technology is constantly evolving, and with this comes many more opportunities for business. Many people are moving towards selling products and services online, and this works very well with returnships as you can work as and when you want.

How can the Silverpreneurs programme help you?

When you start an employed returnship, you will often be provided with mentors, guidance and training to improve on a certain skillset. When returning to a self-employed role, you often don’t have the opportunities for the same kind of support you would receive from a workplace.

However, Silverpreneurs are here to help you with this. If you are over 50 and self-employed, we would love to welcome you to our programme.

The Silverpreneurs programme includes three months of support delivered through a combination of group and 1-2-1 sessions, taking you from idea to launch, all set within a collaborative and supportive community of like-minded Silverpreneurs.

Learn more about the programme here.

Are you over 50 and looking to start your own business? Maybe you’ve already started a business but want some help with reaching the next level.

Find out more about how the Silverpreneurs programme can help you, please email or or you can call Chris on 07790490879.

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