The best cities in the UK to start a business have been named, and London barely scrapes into the top 10.
The Association of Accounting Technicians (AAT) compiled the list of start-up hotspots, springing some surprising results.
South coast city Brighton topped the list; gaining points for both its fantastic digital connectivity - its superfast broadband penetration rate is the second highest in the UK - and the high number of small business start-ups in the area.
This result has been supported by results from Centre for Cities 2015, which has shown Brighton to have the highest number of start-ups per capita outside of London, further cementing its place as a vibrant tech city.
When compiling the list, the AAT cross-referenced numerous criteria to create an overarching picture of the UK start-up landscape.
Along with digital connectivity being crucial, six additional measures were considered, including the density of small and medium sized businesses in an area and amount of SME closures.
Despite ranking first for the number of SME start-ups, London was ranked as only the ninth best place to start a business. This relatively low score was the result of the capital’s sky-high property prices, distinctly average broadband speeds and high number of SME closures.
In second place, and continuing the theme of tech-city success, Cambridge scored highly for the density of high-growth SMEs in the city, and its relatively few business closures.
Elsewhere, Leicester, Worthing, Reading, Bristol, Aldershot, Crawley and Derby complete the top 10, showing a diverse start-up landscape.
The list in full:
Have you started a business in any of these cities? Or can you recommend any other start-up hotspots? Let us know in the comments section!
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22 June 2020 • 9-minute read
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