According to figures from the Centre for Entrepreneurs and data from Companies House, there was a record number of new businesses formed in 2019, with a grand total of 681,704. This means there was a 2.8% rise in company formations in comparison to the previous year.
The most popular places to start a new business in 2019 were London (221,373), Birmingham (14,509) and Manchester (9,064), with Bromsgrove and Leicester receiving the biggest percentage increases for new company start-ups last year.
As for Brighton, a new report undertaken by digital firm Atos, ranked Brighton & Hove as the second best place to start a new business, with research showing the city’s businesses perform 31.8% higher than the average successful new business.
Why is Brighton such a great place to launch your business?
Just behind Reading, Brighton were ranked highly for having a good business survival rate, a high rate of self-employed workers and workforces with high qualifications.
Brighton is also a ‘hub’ for digital, media and technology which is a vitally important resource for SMEs and small start-ups who are hoping to be successful in this sector.
Let’s hope for more of the same in Brighton this year!
Author: James Hooper, Marketing Assistant, Plus Accounting
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