East London is the tops

[james]

hmm, this is interesting :

East London top hotspot for new businesses as the capitals economic heartland shifts eastward a new survey reveals

A survey by Royal Mail suggests that nearly 10 per cent of all businesses in the area are start-ups as East London displaced central London at the top of this years rankings.

Many have cited the extension to the Jubilee line and the Channel Tunnel rail link as contributing factors that have stimulated entrepreneurial interest in East London.

The Royal Mail map of Business Start-ups plots fertile ground for new businesses throughout Britain.

The top five postcodes for business start-ups include Birmingham, Sunderland and Manchester, all revealing a higher than average percentage of small businesses.

Other locations included a number of small towns such as Crewe and Romford, both beating more traditional commercial areas such as Liverpool and Newcastle.

Richard Wilson, Head of Business Policy at the Institute of Directors, said, “It is encouraging to see small towns playing host to entrepreneurs across the UK.

"The advances in information and communication technology mean that people can more easily work from home or in small towns than perhaps was the case in the past without missing out on crucial business opportunities.”

In terms of employment growth, Scotland was a high performer, with areas such as the Isle of Shetland displaying signs of entrepreneurial regeneration.

Sutton knocked Bromley off the top spot as the most likely place for small businesses to make big profits.

Tim Rivett, Head of Small Businesses, said, “The research shows that business success doesn’t have to be restricted to the traditional commercial centres across the UK.

“Royal Mail enables businesses in the remotest parts of the UK to the big cities to effectively communicate with their suppliers and customers.”

The Royal Mail Map of Business Start-ups runs as follows,

1. London E
2. Ilford
3. Birmingham
4. Sunderland
5. Manchester
6. Falfirk
7. Glasgow
8. London SE
9. Milton Keynes
10. Medway
11. Crewe
12. Colchester
13. Edinburgh
14. Romford
15. Cleveland
16. Enfield
17. London W
18. London N
19. Northampton
20. Chelmsford

[peterjhale]

Well East London houses Canary Wharf so I should think so..

[g00gl3r]

Originally Posted by james

...Other locations included a number of small towns such as Crewe...

I have a pal who not long moved to crew (couple of years I think now) who perhaps would have helped with that fact. He supplies garden furniture to the UK which is an excellent business to be in at the moment.

[bizNorthEast.co.uk]

London is too expensive for starting a new business. Also staff wages are high.

[peterjhale]

crikey biznorth - are you digging up all threads over 2 years old

[bizNorthEast.co.uk]

better late than never.

[Ian J]

Interesting business philosophy - are you referring to payments or deliveries

[bizNorthEast.co.uk]

ha ha, payments and deliveries are always welcome if they are to me.