We wanted to find out which city was best in the UK for new businesses
We’re extremely proud to be a Bristol-based business. Following our launch at the end of last year, were interested to know just how well Bristol compares to other major UK cities when it comes to starting a business.
In order to find out how well the largest cities compare, we looked at the key factors that are crucial for new businesses. These key factors included:
- Startup environment: How entrepreneurial each city really is, as well as how supportive and encouraging of new start ups the environment is – as measured by the total number of new start ups
- Cost of office space: The average cost per desk for businesses looking for work space
- Internet connection speed – Reliable and fast connections are essential to all businesses, particularly those in the tech sector – for this we looked at average internet connection speed
- Travel time to London – Most businesses will have clients or other partners in London so we looked at average train times into the capital
When looking at the totals across all the major factors – Bristol is the clear winner showing that Bristol is the best city in the UK when it comes to starting a business in 2019.
Dominic Baliszewski, co-founder and director of YOURS SINCERELY said:“This research confirms what we’ve known all along, that Bristol is an absolutely fantastic place to start a business. Bristol already has a brilliant creative vibe, a raft of amazing businesses and a fantastic sense of community – now it has yet another thing to be proud of.”
London, Leicester and Birmingham came in second, third and fourth respectively. Although a close second, London suffered from a considerably higher than average desk price than other cities in the UK. Leicester also suffered from a high desk price and Birmingham from a lower than average concentration of start-ups, suggesting a less supportive environment. Full ranking can be found in the table below.
|Overall rank||Most start-ups per person||Best average desk price||Fastest train time to London||Fastest broadband speed|