Infographic: The UK’s Most Thriving Cities For Startups

Starting any business is a daunting experience, and startup founders are often overwhelmed with tasks. From choosing when to hire staff, to implementing the best marketing strategy and securing funding for your venture, there’s a huge amount of strategic planning to do.

Location Can Make A Big Difference To Your Success

However, one often overlooked decision is actually which city to put down your roots in. It can make a big difference to your success, with different cities in the UK offering varying levels of support for startups. Plus, there are practical factors to consider – the price of renting an office, local networking opportunities, and living costs for your staff.

For instance, this means that although London may seem like the natural place to set up a business in the UK, it may not be the wisest choice. Costs of living and rents are sky high, meaning startups with limited funds may struggle to hit the ground running. The stats reflect this – only half of high growth tech companies are still in business after three years in the capital.

Meanwhile, cities like Manchester – the center of the UK’s ‘Northern Powerhouse’ – may offer more promising opportunities for startups. The city has experienced a huge level of growth in recent years, with a 62% increase in business activity since 2010. This is higher than any other city in the UK, with London only showing a 44% increase in the same period.

So, before you sign that rental agreement, take a moment to look at the following map created by Total Processing. Using data from the Office for National Statistics, the team have brought together all the essential information you need to see which cities in the UK are the best for business. This includes the level of growth in business activity which has been determined by calculating how many more active businesses there are today compared to 2010. Plus, there’s also information on average survival rates for businesses in cities across the whole country so you can figure out where you’ve got the best chances of success.

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