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News Article

Liverpool ‘Best Place’ For New Business

Dec 18, 2017


It seems that there could be growing demand for offices to let in Merseyside after new research named Liverpool as the best place in the UK to start a new business.

The survey by online freelance marketplace PeoplePerHour found that Liverpool is the top city in the country when it comes to making entrepreneurs welcome, Onrec reported.

According to the research, Liverpool performed best in a number of areas that are all considered to be important for helping startups to thrive. These included the cost of living, startup ecosystem within the city and the quality of life.

The news provider noted that the north-west city has “a superb business ecosystem, low rents and affordable office space”, which are among the factors that helped it come out on top.

In second place was Southampton, while Brighton was in third place and Bristol in fourth. London was all the way down in fifth place, with the high cost of living, expensive office space and low quality of life all dragging it downh the list.

Founder and CEO of PeoplePerHour Xenios Thrasyvoulou commented that Liverpool isn’t traditionally associated with “contemporary commerce”, however he added: “With promising startups like SwapBots, CollabCo and Ripstone coming out of the city, it’s likely more will follow.”

However, firms hoping to attract talent into tech roles may have to think creatively about how they market themselves to new recruits, after CityAM highlighted research from Hired, which found that despite considerable demand for tech talent, many are failing to be attracted by UK firms.

This is especially the case for those from outside the country, with just 34 per cent of foreign tech workers accepting jobs in this country in the third quarter of this year, down from 40 per cent in the first quarter of 2016, ahead of the Brexit referendum.

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