Nottingham is one of the best places to set up a new business, according to recent research.
The research found Nottingham to be the second best city in the Midlands to start a business, reporting that the city was helped by reasonable office space prices and start-up employee salary costs.
Well known for its innovative and growing tech sector, Nottingham also came out as one of the fastest-connected locations when it comes to business internet connections. The city ranked 7th fastest in the UK for average download speeds.
The research was carried out by online magazine for creative entrepreneurs and small businesses Startups Geek.
Nottingham City Council sees start-up businesses as a key part of the city’s economic future and is committed to creating the right environment for local entrepreneurs and university graduates to thrive in the city.
This is achieved by working in partnership with the regional Growth Hub and supporting businesses to take advantage of expert help from local providers including NBV Enterprise Solutions Ltd, the Business & IP Centre based in the city’s Central Library and the Creative Quarter and Big House which support creative and digital start-ups.
Nottingham City Council’s Portfolio Holder for Finance, Growth and the City Centre, Councillor Sam Webster said: “Nottingham has always been a city which is proud to support our business community by providing opportunities and the right environment for businesses to start up and grow.
“Nottingham City Council and our key strategic partners have recently announced the Nottingham Economic Recovery and Renewal Plan which will not only ensure this continues, but is strengthened. Encouraging more businesses to form and flourish is an important part of achieving our ambition to be a creative, digitally-enabled, greener city where opportunities exist for inclusive growth”
The full study is available here: https://www.startupsgeek.com/uk-startup-business-data/