A new study of 63 of the UK’s largest towns has identified Brighton as the ‘best place to start a new business’.
Released in mid-November 2018, the study looked at factors including the number of high-skilled workers, the affordability of housing and the existing business stock in each town. It also considered how business-friendly the locations are, particularly for small and medium-sized businesses (SMEs).
Brighton had an exceptionally high total number of businesses: 453 per 10,000 population, among the highest in the country, along with excellent digital connectivity and skilled workers.
“Collaboration is at the heart of the sharing economy in Brighton,” said local business leader Mick Taylor. “We’re just scratching the surface of what we can achieve, working together for mutual benefit.” He noted that Brighton is famous for its large proportion of independent retailers, who are well-supported by the local population.
Edinburgh came second to Brighton in the annual rankings, compiled by small business website Informi, with Northampton third. “It is in the best interests of every town and city throughout the UK to create the right environment for entrepreneurs as thriving business contribute to the wealth and prosperity of local communities,” said Steven Drew at Informi.