The UK is quickly establishing itself as a global leader in entrepreneurial growth, despite uncertainty after the much-discussed ramifications of the Brexit vote.
In 2017, the UK was ranked eighth in the world for fostering entrepreneurship opportunities according to the Global Entrepreneurship Index. And with the UK startup scene growing by the minute, 2018 is looking to be another big year for small business.
In fact, the latest figures around the UK startup economy show that opportunity abounds for established and aspiring entrepreneurs alike. The UK’s GEI (Global Entrepreneurial Index) score increased from 67.7 in 2016 to 77.8 in 2018, and it’s estimated that startups will contribute an additional $460 billion into the UK economy if growth continues along the same trajectory for the next two-to-three years.
At Easy Offices, we value working with up-and-coming startups and want to do all that we can to help those businesses grow well into the future. After all, startups create employment opportunities, new products and technologies, and reinvent what it means to do business. The biggest and most influential businesses in the world had the same beginnings: as a great idea in the mind of an entrepreneur driven to bring his or her ideas to life.
Here, we’ve collated key insights into the UK startup scene to help new businesses thrive. Our research covers:
UK startups at a glance
We take a look at key facts and figures about how the UK’s startup scene compares with the rest of the world, as well as some of the major growth industries for startups in the UK.
Startups by location
Not all UK cities are created equally when it comes to startups. We examine some of the biggest and fastest-growing startup locations throughout the country. With London office space costing by far and away the most, perhaps you may look further afield to Manchester, where office space costs about 60% of what it does in London.
Money, money, money: Startup funding in the UK
No matter what kind of business it is, every startup needs funding. We break down startup funding averages throughout the UK over the past five years.
The best and brightest UK startups
Who’s leading the way for UK startups? We look at some of the most successful home-grown startups.
Whether you’re already in the process of building a startup, thinking about making your business dreams a reality, or just want to know more about the state of the UK startup economy, you’ll find plenty of useful information in our startup’s infographic below.