If you’re a budding entrepreneur, you’ll undoubtedly have a huge number of strategic decisions to deal with. Should you hire staff yet? What’s your marketing strategy and how are you going to get your product out there? How can you make sure your business continues to prosper for years to come?
Another decision that could matter more than you think is choosing the best location for your business. Although London offices might seem like the go-to choice for tech and digital businesses, research has shown only 50% of high growth startups survive after 3 years in the capital. With this in mind, it’s almost certainly worth casting your net further afield and exploring different cities around the UK. Other cities offer better survival rates for new businesses, and are becoming thriving centres for business in their own right – just think of the so-called Northern Powerhouse!
To help you become better informed about business prospects in cities all around the country, Total Processing have compiled all the essential data you need. Using data from The National Office for Statistics, they’ve put together the following map which looks at business activity growth in regions across the UK, from Aberdeen all the way to the English South Coast. They’ve also collated data on business survival rates in all of these cities, so you can see where new enterprises struggle the most (and where they thrive!)
So, if you’re looking to find the best location to rent an office, make sure to check out the infographic below!