MAINFEATURE
Location, Location, I
The UK business hotspots outside of London, and how to find them
t is a common misconception that, as a business owner looking to expand in the UK, London is the key to expansion. While London is a place with many different target markets and highly affl uent areas, commercial property prices in London are escalating through the roof. There is a premium on commercial property in London, with commercial agents often requesting a non-
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refundable holding deposit that buys a period of exclusivity before an agreement is signed. Many businesses are, therefore, widening their search for lucrative territories. But how do you know where is a good place to set up a franchise? For those retail businesses seeking high footfall locations, ideal places are Birmingham, Liverpool, Newcastle and Edinburgh. These
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