And the best place in Britain to a start a business is... Derby?

The home of Rolls-Royce has been named the 'start-up capital' of the UK, ahead of Stoke-on-Trent, Belfast and Wolverhampton.

by Jack Torrance
Credit: Jerry Evans/Geograph
Credit: Jerry Evans/Geograph

The hundreds of people laid off by Rolls-Royce this year might want to think about starting their own business instead of looking for another job. The ailing aero engine marker’s home-town of Derby has been named ‘start-up capital’ of the UK in a PR study published this week.

The research by Quality Formations which (you guessed it) helps people register new businesses, ranked the UK’s 69 cities based on 19 criteria including commercial rents, energy prices, transport links and quality of life. Derby came out on top thanks to its ‘affordable cost of living, cheap virtual office rates and sky-high wages’ (though the latter is surely a double-edged sword from a business perspective?).

London, Edinburgh, Manchester and Birmingham were all absent from the top 10, whose inhabitants aren’t exactly the most well-known of start-up hubs. Stoke-on-Trent’s low rents and childcare costs dragged it into second, ahead of Belfast, Wolverhampton, Sunderland and Lincoln (this writer’s quiet home town).

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Become a subscriber

From £66 a quarter

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine
  • Plus lots more, including our State of the Industry Report.

Choose a Package