Company Formations on the rise with Brighton at 2nd best!

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

Any views or opinions represented in this blog are personal, belong solely to the blog owner and do not represent those of Plus Accounting. All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site

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