Even with the uncertainty surrounding Brexit, it’s never been a better time to start a business in the UK. However, an important thing you’ll want to consider if you are planning on delving into the world of the self-employed, is where to base the business.
Location is an extremely important factor to think about. It can have a direct impact on whether the business succeeds or fails within its first year. So, what are the best places to set up a new business? Here, you’ll discover the 5 best cities to start a business in the UK.
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London
There’s no denying that London is one of the most challenging cities to start a business. However, you can’t deny its significant potential. It’s a particularly popular city for financial and technology start-ups and its high population means you’ll have access to a lot of potential customers.
One of the main downsides to starting in London, however, is the costs. If you want to set up a business here, you’ll want to look into commercial leasing through Avison Young. This can help to make getting the premises you need much easier.
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Cardiff
The Welsh capital has long been a city renowned for its innovation. Today, it’s considered one of the best UK cities to start a business, largely down to its affordable costs. Thanks to its airport, it also has excellent international links, providing great potential for growth.
The city also has a large number of talented candidates. So, you shouldn’t find it difficult to hire the talent you need for your start-up.
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Glasgow
If you want to set up your business in Scotland, Glasgow is a fantastic city to consider. Whether you’re looking to start out in the tourism sector, communications, healthcare, or finance sectors, the city has a substantial number of opportunities on offer. The costs are also reasonable, and the quality of life here is considered to be very high.
So, if you’re looking for a city that promotes a great work/life balance, you’ll want to consider starting a business in Glasgow.
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Manchester
In the north of England, Manchester is the perfect choice for tech start-ups. There’s a high level of businesses you can collaborate with, and the city frequently offers incentives to young entrepreneurs. It is a city that encourages start-ups, and the cost of setting up is a lot lower than it is in the south.
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Sheffield
Finally, another northern city to make it onto the list is Sheffield. It’s actually topped the list as the best city in the UK to start a business in 2019. Here, it’s the manufacturing industry that really dominates. It also has a lot of opportunities for those looking to start-up in the public sector. It boasts a high start-up survival rate compared to other areas and also benefits from affordable set-up costs.
So, there you have it – the top 5 UK cities to start a business today. When thinking of where to set up, it’s worthwhile considering the type of business you’re starting, affordability, and the talent pool available in the city.
