Your Business With James Caan 2017 - 304

Edinburgh

Where to
start up
Which UK location is
best for your business?

SCOTLAND

NORTHERN IRELAND

Belfast is home to one of the UK's
fastest-growing tech clusters, with a
raft of business support programmes.
The city has two main accelerators:
Entrepreneurial Spark and Start Planet
NI. Start-ups not yet in commercial
development can access finance
from the Invest Growth Proof of
Concept Fund, backed by Invest NI.
Invest NI also has a wealth of other
funds available related to job creation
and innovation. Businesses new to
research and development can access
grants of up to £50,000 from Invest

304

NI to investigate
a business idea,
plan a prototype
and handle intellectual
property costs.

NORTH-EAST ENGLAND

Newcastle is a hub of the hightech industry, boasting an £11.2m
science quarter called The Core, with
renewable energy and manufacturing
businesses prevalent. The North
East Enterprise Zone covers 10 sites
within the three key areas of the Low
Carbon Vehicle Corridor, the North
Bank of River Tyne and Port of Blyth.
Businesses in these areas gain access
to a number of incentives, including
reduced business rates, enhanced
capital allowances and quicker
planning process for new builds.

NORTH-WEST ENGLAND

As well as the highest start-up rates
in the north-west, Manchester
has a high volume of creative and
digital businesses, earning it the
soubriquet "Shoreditch of the
North". It's also home to the biggest
university campus in Europe (and five
universities in total), affording access
to talent. Manchester has a strong
business support for start-ups and
there's a wide variety of investment
targeted at the region as a whole.

MIDLANDS

Newcastle

The government-backed Start Up
Loans Company this year named
Birmingham the most entrepreneurial
city outside the capital, and
Birmingham City Council's
business support package scheme
won in the Improving Business
Environment category in the 2016
Enterprising Britain Awards.
For clean tech and low-carbon
businesses, the EU-backed ERDF

* AS ANALYSED BY THE CENTRE FOR ENTREPRENEURS

he number of SMEs in the UK
has increased by two million
since 2000 - a staggering 59% rise.
Business formation reached a record
high in 2016 according to Companies
House data*, with a total of 657,790
new businesses getting off the ground
last year. After record-breaking
start-up statistics for 2014 and 2015,
the number of new businesses in the
UK looks likely to carry on rising.
While over 30% of 2016's startups (205,325) were registered in
London, new businesses can flourish
anywhere. When looking for the best
location for your start-up, it makes
sense to seek out an area that offers
great infrastructure, access to talent
and support - and somewhere similar
businesses are already thriving.

WORDS: TRISH LESSLIE | PHOTOGRAPHY: SHUTTERSTOCK

T

Edinburgh claimed top spot in the
Start-up Cities Index 2017, which
rates cities according to the number
of start-ups, survival rates, weekly
earnings and working age population,
among other criteria. It's home to
some of the country's leading
science parks and research
centres, while the University
of Edinburgh has four
business and incubation
centres that support
companies in science and
technology industries.



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http://europe.nxtbook.com/emp/Careers/Careers/Careers_with_Hayley_Taylor_2011
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