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.
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.
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.
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.
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 which encourages start-ups, and the cost of setting up is a lot lower than it is in the south.
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 which 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.