A recent study by Startup Voyager ranks the best UK locations for startups, emphasizing the dominance of London boroughs. Camden tops the list with a score of 7.4 out of 10, although it faced a significant decline in new business registrations. Islington follows closely with 6.8, while Hackney excels in business survival rates despite a steep drop in new creations. Notably, Solihull and Highland show that promising startup environments exist beyond London, highlighting both urban and regional strengths in fostering new businesses, with strong survival rates across various areas.
Camden leads with a score of 7.4 out of 10, recording 2,555 new businesses per 100,000 residents in 2023, despite a decline in registrations.
Islington, benefiting from a 36.1% five-year business survival rate, ranked second with 1,903 new businesses per 100,000 residents in 2023.
Hackney scored 6.4 out of 10 with the highest five-year business survival rate among the top areas, although it faced a 63.7% decline.
The study highlights that Solihull, ranked fourth, maintained a strong business survival rate, showing the potential for non-London locations to thrive.
Collection
[
|
...
]