Manchester named as the entrepreneurial hotspot of the North
Great news for the city today – Manchester has been named as the entrepreneurial hotspot of the North, according to StartUp Britain’s Daily tracker, an online tool which reveals the number of businesses registered with Companies House on a daily, monthly and yearly basis.
Over the three years since the campaign has been running, the UK’s start-up community has been growing strong year on year, despite tough economic times. Just behind Greater London, with 136,939 start ups in 2013 and Birmingham, with 16,281 businesses registered, Manchester came in third place with almost 12,000.
Here’s the list of the top ten regions for UK start-ups in 2013:
1. Greater London – 136,939
2. Birmingham – 16,281
3. Manchester – 11,765
3. 4. Harrow – 9,259
5. Glasgow – 8,085
6. Bristol – 7,589
7. Brighton – 7,499
7. Edinburgh – 7,112
9. Warrington – 6,776
10. Sheffield – 5,123
According to co-founder of StartUp Britain, Emma Jones, “Manchester is clearly the powerhouse of the north. It’s great that so many firms are opening up in the city and the surrounding areas.”
While it was perhaps expected that the south east and London reveal strong new business start-up activity, it’s great to see entrepreneurship going strong in the North West, South Yorkshire, the Midlands and Scotland too, as the list highlights.
526,446 businesses were registered with Companies House in 2013, a great increase from the following year, when 484,224 businesses were recorded, according to research from the national enterprise campaign.
This is a great sign for the UK business economy, especially when considering that micro and small businesses represent 95% of all companies and employ more than 7 million people in the UK. With concepts like Small Business Saturday also emerging (the first one was held on 7th December 2013, with more planned this year), promoting and generating trade for local business is becoming stronger than ever.