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.

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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.

The city is also great for co-working spaces with a newly designed Plus X Brighton space opening in February 2020 and Platf9rm also expanding its current working space.

With the likes of Brighton Chamber and Wired Sussex existing in the city, there are a number of fantastic networking opportunities available to individuals and companies.

Let’s hope for more of the same in Brighton this year!

Author: James Hooper, Marketing Assistant, Plus Accounting

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