New research conducted by freelance marketplace, PeoplePerHour (PPH), shows that Liverpool is leading the way in making entrepreneurs welcome.
Using data to rank each city according to the factors most likely to impact upon start-ups, such as cost of living, quality of life, and the startup ecosystem in each city, PeoplePerHour created a metric to provide a definitive Index ranking the 25 cities.
Topping the list is Liverpool, standing head and shoulders above other UK cities. With a strong business ecosystem, low rents and affordable office space, the city is making headway in the business world.
Despite the fact that London is traditionally thought of as the best place to start a business, England’s capital now share’s joint fifth place with Hull, largely due to high rents and high cost of living.
North of the border, Edinburgh ranked 8th place and Glasgow 13th, while in Wales only Cardiff made the top 25, coming in in 10th position. Belfast in a very healthy 7th place, just behind London and Hull, was Ireland’s only representative.
Xenios Thrasyvoulou, founder and CEO of PeoplePerHour, said: “When you think of UK business, London, Birmingham, Manchester, Cardiff and Glasgow are generally the locations that first spring to mind.
“While Liverpool has a strong history as a bustling seaport, it’s not really associated with contemporary commerce, so these results will probably surprise quite a few people, but with promising startups like SwapBots, CollabCo and Ripstone coming out of the city, it’s likely more will follow.
“SMEs are currently feeding the UK’s economy, generating over £1 trillion turnover every year. Building an infrastructure to attract startups makes extremely sound business sense, for individual cities, and the country as a whole.”
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