The Best Cities for Business in the UK
If you’re thinking of starting a business, you’ll undoubtedly have a lot of decisions to make. Whether you’re fretting about finances or strategic decisions, or worried about whether or not to hire staff, there’s always plenty to think about. The location you choose to start a business is just one of these many decisions.
Some UK cities have always been hubs for enterprise and innovation; London has dominated the UK startup scene for years. However, in recent years other cities have earned their time in the spotlight, with the so-called Northern Powerhouse bringing jobs and businesses to cities like Manchester. So, if you want to give your business the best chance to flourish, which city should you choose to get started in?
With businesses starting and failing every single day, it’s wise to be strategic about where you choose to put down your roots. 50% of UK businesses and startups fail in five years or less, and you need to do everything you can to maximise your chances of success. Choosing an office location is more important than you might think; high rents in cities like London could quickly send you into the red, whilst in more rural areas it may be difficult to find the talented staff you need.
With all this in mind, the team at Total Processing have put together the following map, which compiles all the essential stats you need about business success in cities across the UK. They’ve looked at how much business activity has grown in the past five years – so you can figure out which cities are rising, and which are falling – as well as average business survival rates over five years, so you can see how your business location could impact your chances of success.
The map covers the entirety of the UK, from the Scottish North of Aberdeen through to the English South Coast. Take a look below to find out where business is booming in the UK.