Magazines
Newsletter
Advertise
Search
The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

Brighton ranked fifth best place to start a business

The Business Magazine article image for: Brighton ranked fifth best place to start a business
Credit: iStock
5 October 2022
Credit: iStock

Brighton and Hove has been named as the fifth best place in the UK to start a business. The city also has the highest business survival rate of locations ranked in the top ten.

This is according to research from Utility Bidder, which examined variables including office rental prices, broadband costs, business survival rate and first-year expenditures to reveal the best UK locations for startups.

As the only South East location to feature in the top ten, Brighton’s particular strengths are its already noted high business survival rate (of 44.2 per cent) and the high number of people with NVQ Level 4 or above in the city (59.9 per cent).

Read more - Hyve opens new Brighton office

The research also found that the best place in the UK for workers, with an average net monthly pay of £3,591.50, is Portsmouth.

Reading scores highest in the South East outside London in terms of affordability of office rental, sitting in joint fifth in the UK with an average city rent cost of £33.75,  alongside Manchester.

With research suggesting an average UK startup will spend around £22,000 in its first year, and a cost of living crisis impacting both businesses and their customers alike, it is interesting to note that the highest first-year expenditure is often legal expenses averaging at £6,259.

The full findings from the research can be found here.

Read more - Sales and marketing misalignment knocks revenue – Highspot

Featured image credit: iStock


Share 

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.

Latest deal ticket

All deals

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
crossmenu