Warrington is the best place for business start-ups in the North West and the second best for the UK, according to a new survey.
Bromsgrove holds the top spot and London comes in at ninth – but this is relative to London’s huge population. The North West and the South East are the best areas for start-ups.
Financial funding company Aurora Capital have produced the survey after looking into the top start-up locations in the UK – the towns and cities with high incorporation rates that seem to be attracting new businesses day-in-day-out. Compiling thousands of data points from Companies House of incorporation rates around the UK for the past three years, the top start-up locations were finally revealed. These locations were uncovered by taking the incorporation rates and comparing them against population density statistics taken from The Office of National Statistics.
The most surprising result was Bromsgrove. Out of the 296 locations, the Worcestershire town had the highest incorporation to population ratio – the highest number of new business startups for their current population count.
Warrington was also revealed as a start-up hotspot. The data revealed that for every 14 people a business incorporates. With a population density of 209,000, this is very impressive, according to the researchers.