Career Testing
Career Testing
Career Testing
ENTREPRENEURSHIP / OCT. 24, 2014
version 5, draft 5

Top 10 Cities to Start a Business in the UK

According to recent research done by Startups.co.uk, Birmingham and Leeds are becoming powerhouses for start-ups and both were among the top 5 most popular locations to start a business.

The table below details the number of start-ups in many popular UK cities and their survival rates, along with average property prices and crime rates for each area. Provided by Startups.co.uk, this table offers some extremely useful data for business owners looking to start up a storefront or expand their businesses.

City

Number of new start-ups

Survival rate

Property prices (£)

Crime rates (per 1000)

Average broadband speeds (Mbit/s)

Average road speeds

Aberdeen 1285 63.9 £219,117 73 12.6 -
Belfast 745 49.3 £145,551 94.3 25.4 -
Birmingham 3925 53.8 £114,713 69 20.7 17.8
Brighton 1620 64 £250,216 78 24.1 15.8
Bristol 2055 60.6 £192,920 94 24.5 15.3
Cambridge 2570 65.2 £195,526 88.1 17.9 32.9
Canterbury 535 58.7 £197,231 55 15.3 -
Cardiff 1190 55.7 £149,214 86 21.3 -
Coventry 1090 58.5 £114,676 66.1 18.1 22
Edinburgh 2145 54.4 £229,253 64.2 23.1 -
Glasgow 2300 55.4 £124,496 89.2 17.2 -
Hull 690 57.4 £067,619 105 10.4 16
Leeds 2970 60.2 £126,070 80 18.3 23.6
Leicester 1260 54.2 £115,740 86 21.6 16
Liverpool 1515 55.7 £093,023 91 19.3 15.8
Manchester 2545 52.4 £106,248 99.5 17.8 14.8
Milton Keynes 1375 60.4 £170,669 73 15.5 33
Newcastle 950 56.9 £117,589 74 18.5 18.5
Norwich 480 59.6 £153,095 86.5 12.4 34.9
Nottingham 980 58.5 £123,954 97.8 23.4 16
Oxford 505 59.6 £263,354 99.1 17.4 32.9
Plymouth 710 59.5 £129,931 73.6 22.5 18.7
Sheffield 1605 58.2 £120,445 67 15.4 20.8
Southampton 750 58.5 £144,758 90.4 19.1 16.3
Swansea 605 56.4 £106,922 65 19.7 -

Though the table lacks information such as average foot traffic (essential for businesses that rely on window shopping), it’s impossible to state that one business is better for start-ups than another.

Compared to 2012, many cities had a decreased turnover rate and an increased survival rate. Data was collected on a variety of elements including geographical factors, access to talent and employment, support and resources for businesses, commercial premises, financial resources, quality of life and overall business activity.

London was excluded from the list purposefully as its scale is very large compared to other cities on this list; however, London is also a very lucrative city to start a business.

With the UK’s business atmosphere increasing drastically each year, it’s not surprise to see cities such as Glasglow and Edinburgh catching up to powerhouses like London and the South East. If you’re planning on starting a business in the UK, 2014 may be a prime time to start the process.

If you’re looking to employ when you start your business, you may want to consider areas such as Reading, Aberdeen and Edinburgh, all of which have over 70% employment rate. Though many jobs in the public sector of some cities have been cut, there has been a steady increase in private jobs available. Overall, Aberdeen is also at the top of the list for life satisfaction, according to the Daily Record.

Creative commons licensed (BY-NC-SA) flickr photo by @Doug88888.

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