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!
Birmingham Business Park is a 17-acre development located within easy reach of Birmingham International Airport and 12 miles east of the city centre. This site is owned by Canmoor Asset Management and Black Rock and is currently the place of employment of over 7,000 people.
Quorum Business Park is a large commercial property development located 4.5 miles north of Newcastle city centre. The park has been built on what was the North Tyneside Enterprise Zone until 2006. The site itself contains over 1 million square feet of commercial space (suitable for both office and retail), and is surrounded by nearly 50 acres of parklands. At the time of writing, there were 16 office buildings at the park, 7 of which were fully let. The remaining buildings offer office accommodation ranging from 500 to 104,000 square feet. Moreover, building Q16 offers office space on a per-desk basis.
Success is the ultimate aspiration of business owners and entrepreneurs. But what exactly does it take to succeed in today’s competitive business environment? While there is no single recipe for success, the TED talks listed below can help you position yourself on the right track.
With a combined GVA of nearly £700 million, there is no doubt that the creative sector is one of Birmingham’s economic pillars. In only six years, the local creative industry has gone from employing 20,000 people to providing more than 34,000 jobs, and the number of creative businesses in the city has grown from 3,400 in 2010 to nearly 6,000 in 2016. Such a booming industry needs suitable space, which is readily available at some of the top creative workspaces listed below.
Edinburgh has a thriving economy whose diversity and scope for growth attracts FTSE 100 companies and other large firms mainly in banking, insurance, finance, media, and technology. Since all these are office-based industry sectors, the demand for office space in the city is robust, and in fact Edinburgh is one of the six most important commercial property markets outside London. But how does demand affect office rental values in this Scottish city? Read on to find out.
The London office market started the year marked by uncertainty and expectation about how the economic and political developments of 2016 would play out in the medium term. In this article we look at the key figures and trends that have defined the market during the first three months of the year.
On 29 March 2017, the British Prime Minister officially initiated the Brexit process by triggering Article 50. This was surrounded by much speculation and uncertainty about the impact it would have on the country’s economy and at a smaller scale, on the day-to-day of UK businesses. Although according to EU legislation, many things could still change during the upcoming negotiation process, the general consensus is that the implications of Article 50 will mainly affect trading relationships, access to human capital and to funding, and the free movement of services.
Soon after the EU referendum vote, the Irish capital began making headlines as eyes turned westwards and Dublin emerged as a potential prime destination for companies considering relocating their London offices elsewhere in the EU. In fact, Dublin is already home to some large corporates in many high-value sectors, such as Citibank, Bank of America, JP Morgan, Google, LinkedIn, and Facebook.