Ashfield and Mansfield has been named in a list of the top ten locations to start a small business in the UK, according to new research compiled by Informi, the website offering free practical advice and support for small businesses.
Following on from the Small Business Advice Week 2017, Informi studied information from the 63 largest UK towns and cities, focusing on a number of factors important for small and medium-sized businesses (SMEs) to thrive. These include digital connectivity, property prices and pollution levels, as well as business start-up and closure numbers over a three year period.
Top 20 positions
The Ashfield and Mansfield conurbation came ninth overall, with the area scoring well for a low number of business closures during 2015 along with a low overall business churn rate.
Ipswich came top of the list, predominantly due to low pollution levels, high levels of ultrafast broadband, and a low rate of business closures. Dundee was second mainly due to a very low churn rate of businesses. Third placed Derby enjoyed a proportionately high number of patent applications, and also had the eighth best digital connectivity in the UK.
Other towns and cities to make up the top 20 this year include Portsmouth, Bristol and Edinburgh. London could only manage 38th position despite coming top for the number of business start-ups. This was because the capital also had the highest number of business closures and the highest property prices. At the same time, last year’s winner Brighton fell to fifth place overall this year.
Business start-up support
Darren Nicholls is Product Manager for Informi. He said: “SMEs throughout the UK create many thousands of new businesses in every town and city every year. This brings new jobs, prosperity and growth to local communities whilst benefiting the wider economy too.
“It is encouraging to see that there are a variety of environments where small businesses can do well, but for every success story there are still far too many failures, where businesses have been unable to survive and thrive. Those thinking of becoming an entrepreneur should seek out guidance and advice – such as our how to start a business in 20 days eBook – to help them take their first steps.”
Furthermore, local start-up support is also available through local enterprise agency, NBV. This includes FREE training and other support, including grants. You can also search for support through the National Enterprise Network. Invest Ashfield & Mansfield also offers a business start-up grant to businesses across Ashfield and Mansfield of up to £1,000. This is part of a suite of grants offered locally to help businesses in Ashfield and Mansfield. Find out more.
According to this survey, the best places to start a business in the UK 2017 are:
For more information, please visit informi.co.uk.