We’ve ranked the UK cities with the best startup scenes. But where should you base your new business? There are a few things to take into account.
Obviously, the choice will depend on what you do. If you’re a financier or a marketing executive, you might want to be somewhere central, like London or Manchester.
If you’re an entrepreneur or an early-stage developer, living in London is likely to be more expensive than it’s worth, so somewhere cheaper like Plymouth or Newcastle might be better.
There are also practical considerations – if you’re starting up a business with people spread across the country, it might make sense to base yourself near them.
While we’ve ranked cities for their startup scene – and that includes talent, funding, infrastructure and more – this isn’t just about where your company can get off the ground fast. It’s also about which city will give your startup the best chance of success.
The last several years have been tough and trying for just about everyone from all age groups and all walks of life. At times, places we’ve been accustomed to seeing people out and about seem to appear as desolate landscapes. Streets that saw much hustle and bustle became deserted, and many businesses closed up shop.
So you might be thinking that starting a new business following such tough times might be impossible but think again! Some places have recently seen an uptick in commerce recently, and no place more so than West Midlands and Birmingham. That’s why we’ve chosen Birmingham as the top city in the UK to start a business in 2020
In 2020 alone, Birmingham has seen 18, 394 new startups, making it the only city outside London where we’ve seen numbers that high. Birmingham has seen a 26.8% increase in the birth of new businesses from 2020 over 2019! This is incredible news and should give anyone looking to start a new business in 2020 some renewed hope and confidence! It should also give would-be entrepreneurs a clue as to where to start their next business venture in the UK.
Sandwell and Coventry also rank highly when it comes to good places to start a business, as well as Wolverhampton. In fact, Wolverhampton has seen a dramatic rise in business registrations from 2020 to 2019, coming in at a full 30% increase! This is all good news!
The fact that Birmingham has emerged this year as the best city in the UK to start a new business should come as no surprise to anyone. One leading publication has ranked Birmingham as number 1 for the 7th year in a row now! Birmingham resonates with entrepreneurial spirit and innovation, a place where would-be business owners can reach for the stars!
Despite the many severe restrictions of the most recent lockdowns, West Midlands and London have remained resilient! In fact, West Midlands saw a whopping 62% in growth in June, and these trends seemed poised to continue. They say that timing in business is everything. Well, if you look at the calendar of upcoming events in Birmingham for the next several years, one event should stick out like a sore thumb for entrepreneurs. That is the Birmingham 2022 Commonwealth Games!
Now providing the world doesn’t come to an end and no games get cancelled, it doesn’t take a genius to see that when it comes to starting a new business, the time is now, and the place is Birmingham!