London may lead the pack when it comes to business start-ups, but the latest research from Instant Offices reveals that Birmingham is the most entrepreneurial city in the UK.
London has the most total number of start-ups in the UK, with 145,993 businesses launched in 2017. However, on a pro rata basis, Birmingham surpasses the capital as the most entrepreneurial UK City in 2018 with its start-up to population ratio.
With significant growth over the past few years, Birmingham’s ability to attract and support early-stage businesses is attributed to its world class support networks, accelerator schemes and significant infrastructure investment.
The completion of HS2 is set to transform the West Midlands, and Birmingham’s sizeable metropolitan economy is predicted to see considerable benefits to boost growth.
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John Williams, head of marketing and research at Instant, said: “While the majority of demand still comes from companies looking for flexible office requirements for smaller teams, our data revealsthat larger, corporate occupiers are also looking for flexible space in what is proving to be a very competitive market in Birmingham.”
As more organisations opt for agile ways of working, the flex office market has seen explosive growth across UK regions, and interest in cities like Birmingham, Manchester and Liverpool is at an all-time high.
Growth of a more agileworking climate and new investment meant Birmingham saw some of the highest market activity in 2017.
Centre growth was up 13% last year, ranking fourth after Liverpool, Manchester and Leeds at 23%, 17% and 15% respectively.
Birmingham has an average workstation rate of £264 and offers a wide variety of office space.