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.
Number of new start-ups
Property prices (£)
Crime rates (per 1000)
Average broadband speeds (Mbit/s)
Average road speeds
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.