Discover the Best Cities to Start a Business in the UK
Here at Absolute, we're passionate about designing and creating great places to work, helping to inspire creativity and provide a functional space that's perfectly crafted to let your team produce their best work.
With years of experience working alongside businesses to help them achieve their interior goals, we've teamed up with Total Processing to show you the very best places to start a business in the UK, so you and your business can start off on the right foot. Or perhaps you're just a business nerd who enjoys reading some interesting facts and figures, in which case you might want to hear what we have to say!
Understanding the Impact of Location on Business Success
Setting up a new business is no easy feat and brings with it its own unique set of stresses and challenges. From finding the best talent, to building a viable product and attracting customers, there are lots of tough calls and vital decisions to be made. However, one that can have a bigger impact than you might think is the location of your office!
Businesses are rising and falling all the time, but the level of business success can vary drastically by location. For example, whilst London might seem like the obvious choice for a UK startup, only 50% of high growth tech companies survive beyond 3 years in the city. With this in mind, it's definitely worth broadening your horizons and looking further afield to other cities around the UK.
Only 50% of high growth tech companies survive beyond 3 years in London…
The team at Total Processing have identified the best cities to start a business in the UK, to help you choose the best location for your business. Check out the below map to discover the most entrepreneurial cities in the UK. So if you're looking for a city where the business ecosystem is growing, check out the statistics on increase in business activity for each city. This has been determined by calculating how many active businesses there are in each city compared to 5 years ago.
From this, you can see that some cities are really on the rise - Manchester, for example, has had a 62% increase in business activity! On the other hand, if you want to find out where prospects are less promising for budding businesses, take a look at the average business survival rates over 5 years. These are also included in the map and give you an idea of your chances of success in each location.
So, if you're looking for inspiration on where to set up your business, see the map below to discover the best cities to start a business in the UK! Covering the whole of the UK from the south coast to northern Scotland, we're sure you'll find the information you're looking for.
About Total Processing:
Total Processing are a provider of secure payment solutions for businesses, including merchant accounts, payment gateways, and fraud prevention systems.