The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

What are the Top UK Cities to Start a Business in 2021?

What are the Top UK Cities to Start a Business in 2021?
29 September 2021 | Updated 04 October 2021

The best locations for budding British entrepreneurs have been analysed in a recent study.

2020 saw a 12.3 per cent increase in new businesses, the highest growth on record, despite obvious challenges from the pandemic, the ensuing lockdown and the UK’s exit from the European Union. Between June and August 2020, 59,358 new companies were created at Companies House.

Using data from the Office for National Statistics, as well as average productivity levels, office rental costs and average download speeds, the top fifteen UK towns and cities for enterprise have been named by technology provider Fasthosts.


What Makes a City Perfect for Starting Up a Business?


There are several factors that might make a city or a town a suitable base for an entrepreneur.

To determine the best UK locations for enterprise, Fasthosts considered a range of factors and assigned each a relative index score to make comparison possible.

Raw data for 85 towns and cities across England, Scotland, and Wales was recorded, focussing on several factors including:


  • Average download speed.
  • Business launch and closure rate.
  • Five-year business survival rates.
  • Cost of office space per sq. ft.
  • Productivity rates.


And the Winners Are…..


Bedfordshire town Luton has been named the best-all round UK location to start a new business, with an overall index score of 3.375, ranking marginally higher than Reading (3.312), which claims second place. Nottingham (3.276) finished third on the list.

In terms of a country split: Scotland’s Edinburgh (3.210) outperforms Central London (3.209).

Liverpool (3.156) leads as the best North West location to start a business, and finished 6th overall. Portsmouth (3.109) is ranked one place lower in 7th.

West-Midlands cities Coventry (3.079) and Wolverhampton (3.066) finish in 8th and 9th respectively.



Picture: a graphic showing the full results


Bristol (3.064) ranks just ahead of Birmingham 2.988), the city described as emerging from the shadow of London”, offering a hub for technology, finance and STEM industries.

Heading northwards to Tyneside, Newcastle (2.970) is the 12th best UK location for setting up your new business, with Stoke-on-Trent (2.905) and Northampton (2.885) trailing close behind.

Finally, Bradford (2.835) beats Leeds (2.822) to claim the last ranking spot.

Read the full study here:

Picture: a photograph of some large skyscraper buildings

Article written by Ella Tansley | Published 29 September 2021


Related Articles

Novus Awarded North West and Midlands Healthcare Contracts

Novus Property Solutions has been awarded three hospital-based contracts in Preston, Birmingham and Liverpool. Novus recently completed an external works contract with...

 Read Full Article
The Best Co-Working Spaces in the UK

As the UK awaits the final stage of lockdown easing, research suggests workers are keen to swap home working for a more conventional office setup. Despite the obvious...

 Read Full Article
Regional Office Market Remains Stable Despite COVID

Data from Cushman & Wakefield shows that prime headline rents either remained stable or rose in all of the UK’s “Big Eight” regional office markets...

 Read Full Article
Brum Comes Tops Of Regeneration Opportunities List

New research has revealed Birmingham as the council area with the most opportunities for regeneration for investment in empty commercial and residential properties. UK...

 Read Full Article
BT Hangs Up On Property Connections

BT is to get rid of at least 270 offices around the UK by 2023 and consolidate down to just 30. The first eight locations nominated in the telecom giant's...

 Read Full Article
Barclays Banks On Taking The Glasgow High Road

Barclays has said its new state-of-the-art campus is to be built at Buchanan Wharf in Glasgow and the world class facilities will be supported by cutting-edge technology...

 Read Full Article
Northern Exposure - Lack Of Commercial Property Could Stall Growth

Big Northern and Midlands cities are outperforming the rest of country in attracting jobs and residents to city centres – but action is needed to protect the...

 Read Full Article
Liverpool Shopping Centre Installs ‘Digital Human’ as Part of Guest Services Team

“Liv”, an AI-enabled “digital human”, is now part of Liverpool ONE shopping centre’s front-of-house customer service offering. As part of...

 Read Full Article
Fortem Agrees New Maintenance Contract With Birmingham City Council

Property solutions business Fortem is continuing its sixteen-year partnership with Birmingham City Council. A new two-year contract, worth over £170 million,...

 Read Full Article
High Performing Buildings – April’s Roundup

April’s high performing buildings roundup includes a new office scheme in the Square Mile, a Fitwel-accredited business park and plans for a new home for Birmingham...

 Read Full Article