Birkenhead among the top 30 towns in the UK for businesses to set up shop

 

There has been a massive growth in small businesses across the UK over the past five years. More than 800,000 new business registrations have been made since 2018/19 –  but this impressive 3.5% increase in growth, unfortunately, slowed down due to the pandemic and lockdowns began at the start of 2020.

However, as 2022 begins and we work our way towards a new normal, business experts at Bionic, wanted to help local UK businesses get a running start to the new year. Bionic  has created an index using nine different business metrics to reveal; which UK city has the strongest independent economy, where small businesses can thrive – and Birkenhead takes 29th place.

Out of all UK cities analysed, Birkenhead ranks in 29th place with a score of 48 out of 100 in the index of the best towns for independents – proving this town is a great place to be for hopeful entrepreneurs. The data showed that Birkenhead had 308 active businesses per 10,000 population. 

Birkenhead is also among the UK towns with the cheapest value for office floor space. Renting a business space in this town costs hopeful business owners an average of £98 per m2 – appealing for startups when money can be a key factor.

Across the UK the rise in small businesses has increased and Birkenhead is among the UK towns with the highest growth in new business within the past five years, with a 42.7% survival rate. 

This town is home to some great independent businesses, such as ‘Birkenhead Cycles’ a great cycling shop for this town, which is filled with numerous beautiful cycle routes to choose from.

You can read the full report here

RankingUK CityNo. of start-ups per 10,000 population5 year business survival rate% of new businesses started% of business closures% of active SMEsBusiness density*% of population commuting by foot% of unemployed benefit claimsCost of office space (per m2)Total index score(out of 100)
1Southampton78.642.0%21.4%10.1%92.0%37212.6%6.0%£114.0074.4
2York45.147.7%12.2%9.8%88.5%50517.7%3.5%£98.0070.0
3Bristol55.942.8%13.7%11.2%89.3%34314.2%5.4%£100.0065.6
4Northampton8933.3%17.9%11.4%90.9%51710.4%7.1%£70.0063.8
5Swindon5044.4%13.2%11.0%91.2%4549.5%5.7%£100.0063.6
6Reading66.246.1%13.9%11.3%90.5%26010.9%4.9%£114.0063.3
7Bournemouth5345.7%12.1%10.8%90.1%10589.5%6.2%£100.0063.1
8Cambridge54.944.8%12.2%10.5%87.7%35514.6%4.1%£113.0061.6
9Leeds52.642.9%12.2%10.8%89.3%75011.3%6.9%£98.0061.1
10Edinburgh5542.1%12.9%11.4%89.0%48116.3%5.0%£124.6758.9
11Leicester58.939.8%15.8%11.5%88.0%27912.9%6.5%£70.0058.2
12Portsmouth49.941.0%17.2%11.4%90.2%38210.9%5.9%£114.0058.2
13Peterborough67.240.9%16.3%11.0%90.9%5118.5%7.6%£113.0057.1
14Slough79.643.5%15.8%11.6%91.3%4619.2%8.6%£114.0056.4
15Coventry43.644.6%13.8%12.0%91.0%32710.9%6.7%£102.0055.6
16Luton68.338.2%16.9%12.1%92.9%33412.6%8.6%£113.0054.2
17Bradford42.742.3%12.8%10.4%89.9%60310.6%9.4%£98.0054.0
18Wigan41.241.8%13.4%10.8%90.2%5768.9%6.8%£98.0053.8
19Doncaster58.234.2%17.2%12.5%91.2%6699.1%7.3%£98.0053.1
20Warrington55.941.6%10.6%13.5%91.4%6697.0%5.1%£98.0052.7
21Manchester65.438.2%17.3%14.5%89.6%70610.1%8.0%£98.0052.2
22Milton Keynes74.242.7%12.7%15.1%91.6%6837.1%6.2%£114.0051.3
23London107.339.2%15.7%13.1%92.2%8398.0%7.8%£280.0050.0
24Preston48.241.9%12.9%10.9%88.5%1889.4%5.3%£98.0049.8
25Derby44.939.5%13.6%11.9%88.8%31412.2%7.5%£70.0049.6
26Norwich43.343.2%13.5%11.8%86.2%25314.2%5.3%£113.0049.3
27Oxford42.339.4%11.6%9.5%85.7%32416.8%4.4%£114.0048.4
28Cardiff47.341.4%13.2%11.1%88.5%29314.8%6.5%£124.6748.0
29Birkenhead40.642.7%13.1%11.0%90.2%3088.0%6.4%£98.0047.8
30Aberdeen50.340.3%11.6%11.2%87.9%50415.4%6.0%£124.6747.8

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