Where is the Best Place to Start a Business in the UK
A recent article in Real Business about the best place to start a business in the UK has caught my eye -http://realbusiness.co.uk/article/25874-top-10-ranking-where-is-the-best-place-to-start-a-business-in-the-uk. It ranks the various regions according to a number of different criteria and ranks the regions as follows with marks out of 132:-
- South East – 101
- London - 97
- East – 86
- Scotland – 84
- South West – 82
- North West – 73
- East Midlands – 68
- Wales – 60
- Yorkshire and the Humber – 54
- West Midlands – 53
- Northern Ireland – 51
- North East – 49
What is astonishing is the very direct correlation between these results and the geographical distribution of capital upon which EIS relief has been claimed – see my previous blog.
If there was ever any doubt, these findings appear to prove the very direct relationship which exists between the availability of capital and starting new businesses. There is no reason at all why the regions should not fare much in these statistics if only people would recall and respond to the old formula:-
CAPITAL + INNOVATION = WEALTH CREATION
This is a simple formula which drove the industrial revolution, made America the greatest economy on earth and transformed China from a bankrupt basket case to the world’s second biggest economy in less than forty years.
Much innovation takes place in the Universities and Science and Technology Parks in the regions and the solution to a brighter and more prosperous future lies in their own hands – get investing to get ahead!