Following on from the Small Business Advice Week 2017, held earlier this month, Informi studied information from the 63 largest UK towns and cities, focusing on a number of factors that can prove important for small and medium-sized businesses (SMEs) to thrive. These factors include digital connectivity, property prices and pollution levels, as well as business start-up and closure numbers over a three year period.
Cambridge came fourth overall, in part because it had the highest number of patent applications per 100,000 people during 2015, the most recent figures available, along with the third best digital connectivity in the UK. However, Cambridge fell two places from the 2016 version of Informi’s study, with the city particularly seeing a fall in the area of business start-ups.
Ipswich came top of the list, due predominantly to low pollution levels, high levels of ultrafast broadband, and a low rate of business closures. Dundee was second mainly due to a very low churn rate of businesses. Third placed Derby enjoyed a proportionately high number of patent applications, and also had the eighth best digital connectivity in the UK.
Other towns and cities to make up the top 20 this year include Portsmouth, Bristol and Edinburgh. London could only manage 38th position despite coming top for the number of business start-ups. This was because the capital also had the highest number of business closures and the highest property prices. Last year’s winner Brighton fell to fifth place overall this year.
Darren Nicholls, Product Manager for Informi said:“SMEs throughout the UK create many thousands of new businesses in every town and city every year. This brings new jobs, prosperity and growth to local communities whilst benefitting the wider economy too.
“It is encouraging to see that there are a variety of environments where small businesses can do well, but for every success story there are still far too many failures, where businesses have been unable to survive and thrive. Those thinking of becoming an entrepreneur should seek out guidance and advice - such as our how to start a business in 20 days eBook – to help them take their first steps.”
Best places to start a business in the UK 2017
- Ipswich
- Dundee
- Derby
- Cambridge
- Brighton
- Portsmouth
- Oxford
- Gloucester
- Mansfield
- Burnley
- Birkenhead
- Nottingham
- Plymouth
- Blackburn
- Bristol
- Coventry
- Wigan
- Exeter
- Worthing
- Edinburgh
For more information please visit informi.co.uk