Manchester has beaten London to the top UK spot in the latest ranking of the world’s leading cities for startup businesses.
The StartUp City Index published by PeoplePerHour looked at a range of factors when ranking the 25 global locations, including quality of life, cost of living, the ease of starting a business and the cost of office space.
Vancouver topped the index, scoring highly for quality of life, good access to office space and the relative ease of starting a new business in Canada.
Berlin came in second, followed by Manchester which outperformed London due to it’s low cost of living and the good conditions it offers for startups. London is the only other UK city to feature in the top 25, coming in at 15th place overall.
Xenios Thrasyvoulou, Founder and Chief Executive of PeoplePerHour, comments: “It’s fantastic to see that despite the worries over Brexit and the continuing fallout from the General Election campaign, Britain has managed get two cities featured in the top fifteen rankings.
“The fact that Manchester is the third best place in the world for new startups, beating the likes of New York, Sydney and London is phenomenal, and bodes really well for the future of the so-called ‘Northern Powerhouse’.
“Britain has always been a leader when it comes to business and innovation. It’s really encouraging to see that despite the difficulties of recent years, that remains unchanged.”
Beavis Morgan – Advisers to UK startups
At Beavis Morgan, we work with many entrepreneurs, helping them set up and run their own businesses and guiding them through each stage of the process, whilst navigating the challenges and advising them in making the right decisions both now and for the future.
If you would like to know more about how we can help you and your startup business, or to find out how we can assist in maximising the value of any potential Research & Development (R&D) ‘money back for innovation’ claim, as well as managing the often-complex process on your behalf, contact Steve Govey or your usual Beavis Morgan Partner.
Read more: Research & Development Tax Credits for SMEs: Money back for investing in innovation