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Which UK City is the Most Entrepreneurial in 2017?

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Which UK City is the Most Entrepreneurial in 2017?

We already know how great the UK is for business, but which cities are leading the way when it comes to entrepreneurship? To find out Instant Offices analysed vast amounts of Companies House data and compared population estimates with business growth. This helped determine which UK city ranks high on Instant Offices’ ‘Entrepreneurial Index’.

Surprisingly, London only turned up in 12th place, with Brighton taking the top spot for Most Entrepreneurial City in the UK.

John Williams, Head of Marketing at Instant Offices says “I can understand the appeal of Brighton and the south coast of England. It is a bit of an antidote to the hustle and bustle of the capital while possessing a strong, creative industry and really appealing to business owners and workers seeking a more relaxed alternative to London.  We have seen record demand for office space in Brighton and also a large increase in the number of operators trying to set up space in the city to cater for its growing business community.”

 

City Total Co. Launched Feb-16 Total Co. Launched Feb-17 Entrepreneurial Index
Brighton  15 710  15 734 11%
Manchester  24 476  32 934 11%
Nottingham  12 750  16 288 9%
Leicester  13 858  16 324 9%
Newcastle upon Tyne  10 720  12 848 8%
Coventry  12 532  14 664 8%
Birmingham  32 234  52 758 8%
Bristol  13 614  16 610 7%
Cardiff  10 568  12 694 7%
Edinburgh  15 450  16 432 6%
Glasgow  16 012  22 228 6%
London  228 796  312 794 6%
Liverpool  10 904  15 166 6%
Leeds  12 842  14 434 4%
Belfast  1 626  1 916 1%

Comparison: Cities Leading the Way

 

UK for Business 

The UK ranked 8th against 137 other countries in the Global Entrepreneurship Index (GEI) for its healthy entrepreneurial ecosystem. And London hit the top spot in the European Digital City Index for the second year in a row in 2016, with the UK capital being named the best city in Europe for digital entrepreneurship and startups.

This positive upward trajectory for startups in the UK shows no signs of slowing. According to a report by the Centre for Entrepreneurs, a record amount of businesses was launched in the UK in the last year.

 

With such a dynamic business environment, it’s no wonder the entrepreneurial spirit persists in the UK, a country with solid infrastructure, a huge talent pool and a vibrant startup culture. To support this, there is a large flexible working scene in London – which makes it one of the largest coworking markets in the world.

 

With high demand for office space in the ‘donut’ around the capital in areas like Kingston, Croydon, Richmond, and Harrow, securing a desirable UK address is not only possible, but a top priority for many businesses looking to thrive.

 

John says, “according to many ranking systems London has been hailed as the greatest city in the world, with its combination of thriving financial hub, vibrant culture, strong education system and multi-cultural appeal. And for entrepreneurs in particular, the capital continues to be an international draw with relatively low corporation tax, an ever-growing pool of talent and strong global client base. London now also boasts a diverse selection of places to work, in a variety of locations that really drive creativity and collaboration.  As one of its greatest citizens Samuel Johnson said: “When a man is tired of London, he is tired of life.”  You cannot put a price on its vibrancy and the collective buzz that drives business, perhaps more than in any other time in its wonderful history.”

 

Which UK City is the Most Entrepreneurial in 2017?

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Andy Mann
After 34 years working in numerous operational and communications disciplines for three FTSE companies (Yorkshire Electricity; Meggitt and BAE Systems), at over a dozen locations, on 24 November 2016, I became the inaugural editor of Business Manchester. Business Manchester is a good news, Manchester focused, business website and daily newsletter. Over the years, I have written hundreds of press releases, features for trade magazines, copy for websites and brochures, edited in-house magazines and newsletters, as well as presenting a radio programme on Chorley FM. This experience has given me the ideal background for editing Business Manchester.