NEWS THE BEST PLACES TO START 3 1 1. Aberdeen
5-year start-up survival rate..................53.5% Average gross weekly pay...................£583.90 Self-employed rate ....................................... 7.7% Population.................................................229,800 Average utility bill (1 bed flat) ............£195.30 How ‘rich’ is Aberdeen? ......................£127.7m
2. Bath
5-year start-up survival rate..................49.1% Average gross weekly pay: ................£543.30 Self-employed rate .....................................12.5% Population..................................................187,100 Average utility bill (1 bed flat) ............£109.70 How ‘rich’ is Bath?...................................£97.6m
3. Brighton & Hove
5-year start-up survival rate..................45.9% Average gross weekly pay...................£577.90 Self-employed rate ........................................ 16%
10 SME
Population.................................................289,200 Average utility bill (1 bed flat) ............£149.40 How ‘rich’ is Brighton & Hove?........£158.8m
4. Leicester
5-year start-up survival rate.................44.4% Average gross weekly pay...................£497.90 Self-employed rate .......................................5.2% Population................................................348,300 Average utility bill (1 bed flat) ............£159.50 How ‘rich’ is Leicester? ...........................£166m
5. Edinburgh
5-year start-up survival rate.................44.2% Average gross weekly pay...................£598.50 Self-employed rate ....................................... 7.3% Population.................................................507,200 Average utility bill (1 bed flat) ............£102.40 How ‘rich’ is Edinburgh?.......................£292m
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New research has revealed the 15 best cities in Britain in which to start a business, with Scotland claiming top spot. The survey looked into such things as business demography, the UK labour market, the local cost of living, self-employment rate and average utility bills to discover the cities which offer the best conditions for start-ups and new businesses. Location is obviously an important factor in determining a start-up’s success as businesses need to situate themselves in a place that makes it convenient for them to carry out their services, while making it easy for customers to access them. “It’s all about getting the right balance,” says Guy Moreve, head of marketing at Paymentsense who conducted the research. “You need to find somewhere that fits in with your target demographic, but is also sustainable for you. To be successful, entrepreneurs need to find their niche within these places, put together a comprehensive plan, and work hard to execute it.” NB: The 'How rich?' question refers to the money earned by working professionals each week.
6. Leeds
5-year start-up survival rate.................44.2% Average gross weekly pay...................£507.80 Self-employed rate .......................................8.4% Population.................................................781,700 Average utility bill (1 bed flat) ............£122.10 How ‘rich’ is Leeds?..............................£378.7m
7. Bristol
5-year start-up survival rate.................43.8% Average gross weekly pay...................£539.90 Self-employed rate .....................................10.4% Population................................................454,200 Average utility bill (1 bed flat) ............£142.80 How ‘rich’ is Bristol?............................£233.9m
8. Milton Keynes
5-year start-up survival rate.................42.6% Average gross weekly pay..................£602.40 Self-employed rate ....................................... 9.7%
www.smeweb.com
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