Guiding you to a better future

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Revealed: UK's top cities for start-ups

13 February 2018

Revealed: UK's top cities for start-upsAberdeen comes out top as a new survey identifies the 15 UK cities that offer the best conditions for new businesses.

Paymentsense has studied business demography, the UK labour market and the local cost of living to find the UK's best cities for starting a business.

The top 15 cities in order are: Aberdeen, Bath, Brighton and Hove, Leicester, Edinburgh, Leeds, Bristol, Milton Keynes, Newcastle-upon-Tyne, Southend-on-Sea, Sheffield, Cardiff, Birmingham, Manchester and Liverpool.

Aberdeen stands out with a five-year start-up survival rate of 53%. Almost 8% of its 229,800 residents work for themselves. In contrast, new businesses in Liverpool have a five-year survival rate of 39% and just under 7% of Liverpudlians are self-employed.

Cost of living varies considerably between cities. The most expensive place to live is Aberdeen with an average monthly utility bill of £195.30; this compares to average bills of just £95.40 in Cardiff.

Two cities stand out as having a significantly larger self-employed population than average - 12% of people in Bath and 16% of people in Brighton and Hove are self-employed. That compares with 5% in Leicester.

The rewards for self-employment also vary. The city with the highest average gross weekly pay is Milton Keynes (£602.40); the place with the lowest average gross weekly pay is Leicester (£497.90).

Entrepreneurs need to weigh up both costs and the opportunities, says the report. "It's all about getting the right balance," said Guy Moreve, head of marketing at Paymentsense. "You need to find somewhere that fits in with your target demographic, but is also sustainable for you.

"The cities we've outlined stand out because they are places that already have an established business community with a pool of potential customers, and yet they still have potential for further growth. To be successful, entrepreneurs need to find their niche within these places, put together a comprehensive plan and work hard to execute it."

News type:

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry