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Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

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Sheffield is the best UK city for start-ups

15 January 2019

Sheffield is the best UK city for start-upsA new study has identified the 15 most promising places to start a business in the UK.

The research, conducted by Paymentsense, focused on the economic climate in the UK's most populated cities in order to identify the best places to start a business. Key factors that were assessed included: start-up survival rates, the cost of accommodation, the number of employed adults in each city and the average weekly pay for full-time workers.

Sheffield tops the list, thanks to its relatively low living costs as well as an impressive five-year start-up survival rate of 45%. Other cities with high start-up survival rates include: Bristol (45%), Edinburgh (43%), Nottingham (43%), Coventry (42%), Leeds (42%), Cardiff (42%) and Sunderland (42%).

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In contrast, the new business survival rate in London is 39%. Some of the UK's bigger cities have even lower start-up survival rates, including Glasgow (36%), Manchester (37%) and Liverpool (38%).

Overall, the findings show that the best cities for starting a business are:

  1. Sheffield
  2. Nottingham
  3. Sunderland
  4. Leicester
  5. Bristol
  6. Stoke-on-Trent
  7. Cardiff
  8. Leeds
  9. Coventry
  10. Edinburgh
  11. Liverpool
  12. Birmingham
  13. Manchester
  14. Glasgow
  15. London

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