Birmingham among the best for start-ups

Birmingham among the best for start-ups

Birmingham has been ranked as the top city outside of London for budding entrepreneurs choosing to launch their own business.

The latest research by StartUp Britain released today (11 Jan) shows a total of 14,152 companies were launched in the UK’s second city in 2015.

A number of new funding and advice initiatives helping aspiring entrepreneurs to set-up in business were key drivers in the growth.

One of which is the Greater Birmingham & Solihull Growth Hub, which has received over 1,000 enquiries from across the region since its launch.

Ian Mclaughlan, manager of the Growth Hub, said: "It's very positive news that Birmingham remains a hotspot for entrepreneurship, recording more new business registrations than any other UK regional city in 2015.

“It's clear that there are significant numbers of aspiring business owners in Greater Birmingham - at the Growth Hub, we are dealing with them every day.

“The Growth Hub has so far received over 1,000 enquiries from across the region, with more people asking about setting up a company than any other topic.”

The Finance Birmingham initiative is another programme helping people to get started in business and promoting entrepreneurship in the West Midlands.

Chief executive Sue Summers added: “Although Birmingham recorded fewer new company registrations than in 2014, it remains a highly popular location for start-ups and entrepreneurs.

“The city offers a large, skilled and youthful workforce, established infrastructure and strong digital connectivity – all of which are critical to helping new ideas and ambitions flourish, particularly in the creative and tech sectors.

“The ability to provide a range of flexible funding opportunities to SMEs underpins a healthy business environment for entrepreneurs.”

Birmingham was ranked fourth overall in the UK wide table, behind Hackney, Westminster and Camden.

The 14,152 businesses launched was an 8% increase on the figure for 2014, which stood at 13,087.