There are many places where you could start a business, especially in the UK. There’s London, for example, the traditional seat of business, where many a business has grown and has ultimately succeeded. But next only to London is Manchester, which everyone is familiar with due to its two football clubs. But what else does the city have to offer besides this, and why is it a thriving spot for businesses, especially small businesses? It isn’t just because it has the biggest international airport in the United Kingdom – many start-ups have made this the city to be, and there are plenty of reasons why. Here are the top reasons you should be headquartered in Manchester.
A Range of Universities Supporting Would-be Entrepreneurs
Did you know, first of all, that there are different universities in the Manchester area that would like nothing more than to support and encourage young entrepreneurs? The Manchester Metropolitan University, the University of Manchester, and the University of Salford are heavily involved in entrepreneurship. They unleash many well-qualified graduates every year who are all adept at knowing which businesses to invest in. Aside from this, Manchester Entrepreneurs is a society comprised of students with over 14k members! When it comes to talent, Manchester has plenty of it – one example is the world of biotech companies that combine both lab and office space. And according to well-known providers of office space in Manchester, serviced offices have become the office space of choice (click here to know more).
The Rapid Development of Technology
Speaking of tech, Manchester has shown a lot of growth in this sector, and it has already delved into cloud computing, audio and visual design, and network protocols and infrastructure. The city houses some of the most renowned tech giants, such as AO.com, The Hut Group, and Boohoo.com. In addition, some noteworthy start-ups, such as Missguided, had the 5th largest sales profit in a private firm in 2014.
There are various other initiatives by the government designed to make Manchester the Silicon Valley of the North. If your business is involved in tech, you would also be happy to know that tech talent is cheaper than its London counterpart.
The Strong Support System For Entrepreneurs
Whether you are looking to expand and grow your existing business or are looking into starting a new venture altogether, this city has various platforms dedicated to learning, mentoring, and networking that enable business-minded individuals to exchange ideas and serve as a great sounding board. Many groups abound, from Silicon Drinkabout (Manchester) to Start-up Brew and Pro Manchester, which runs various panel groups and discussions for different sectors. You are sure to find networking opportunities on a local scale, with entrepreneurs helping each other succeed.
A High Number of Scale-Ups And Start-Ups
In the last several years, Manchester has created a vast number of start-ups, and the number of scale-ups has grown quickly. Examples include UK Fast and Causeway Technologies, which lead the way in hosting and software, respectively. In addition to this, there are now more foreign investors in Manchester, much more than any other city except for London.
There are myriad reasons why Manchester is on the threshold of growth and development, and if you want to be in on it, it’s best to start now.