Turner Little looks at the popular website, Startups, who have now released its second annual Start-up Cities Index.
Startups, a leading online start-up advice platform, has now released its second annual Start-up Cities Index. This survey ranks the 25 best places in the UK, aside from London, to establish and expand a business.
Start-up cities index
Startups examines several factors to compile the Index. This includes the levels of each city’s business activity, population, and rate of economic prosperity – although it excludes London due to the scale and scope of the UK capital’s business environment.
The online publication utilises a number of office statistics to assess cities based on the above mentioned criteria, including data from the Office for National Statistics (ONS). This allows Startups to track new business creation, companies closing down, business support, as well as access to funding and talent, in each city. These figures allow the Index to measure the quality of life each area offers, taking into account crime rates and house prices, as well as business survival rates, to determine the best places to start a company in the UK.
2015 Index
The Start-up Cities Index 2015 suggests that Bristol is the best place in the UK to establish a company. Nearly 3,000 firms were set up in Bristol last year. The Index noted that the city’s skilled work force, access to finance, growth activity, fast broadband speeds and business support were the reasons Bristol topped the rankings this year.
The rankings were extremely varied; they included up and coming start-up hubs such as Canterbury (23rd) and Plymouth (24th). However they also included larger, established business centres such as Edinburgh (3rd) and Manchester (6th), which topped the Index in 2014.
Entrepreneurial ambition
Ian Wallis, Startups editorial director, commented on the release of the Start-up Cities Index 2015. He said: “Entrepreneurial ambition is taking root across the UK. “This updated report reflects the sheer volume of start-up activity and support for new businesses that stretches to every corner of the country; from Plymouth in the West, Brighton in the South, Belfast in Northern Ireland, and Swansea in Wales.”
Wallis went on to say that “these 25 cities demonstrate the conditions required to give start-up businesses the best chance of success.” The Index features first-hand testimonials from start-up enterprises in every city on the list, which tell you what it’s really like to establish a company in the area. They cover a wide range of important issues such as funding, mentoring, local support initiatives, networking and even the best bars and restaurants in the area to entertain clients.
Turner Little
The Start-up Cities Index 2015 provides you with the type of information you need to know to establish a successful venture in some of the most business-friendly cities in the UK. If you’re looking to do so, Turner Little supplies the UK company formation services you require to set up a lucrative business.
Turner Little was founded in 1998 and it has since become a well-established UK based professional Company Registration Agents, Registered Bank Intermediaries and Business Consultants, as well as Trust providers.
