We’ve all heard of Manchester, and some of us have even had the pleasure of visiting – or staying for a long time – in this vibrant, interesting city. Manchester, often referred to as the ‘Capital of the North,’ (and rightly so), is a bustling city in the UK with a rich industrial heritage and a thriving business ecosystem. Perhaps this is the reason why it has become a top choice for startups and entrepreneurs looking to establish their ventures, and there’s no doubt that it is a city filled with young talent as well, being a university enclave. But what makes Manchester stand out as an excellent destination for starting a business? Here’s your ultimate guide to Manchester – and why it’s the perfect place to start a business.
- Connectivity and a strategic location
Manchester’s strategic location in the heart of England gives it a significant advantage for business growth. It serves as a vital transportation hub, with an international airport and excellent rail links to major cities across the UK. Its proximity to other major cities like London and Liverpool opens up a wide range of business opportunities and potential customer bases.
- An affordable cost of living and business
Compared to London and other major UK cities, Manchester offers a significantly more affordable cost of living and operating a business. Residential properties, living expenses, and office spaces are relatively lower, enabling entrepreneurs to stretch their budgets further and invest more in their ventures. This cost advantage is especially attractive to startups with limited resources, and for more information on office spaces to rent in Manchester, click here.
- A strong digital and creative sector
Manchester has witnessed remarkable growth in its digital and creative industries, making it an ideal place for entrepreneurs in these sectors. For example, the city is home to MediaCityUK (a hub for digital and media companies), and the list includes the BBC and ITV. Additionally, Manchester’s vibrant music, arts, and cultural scene provides ample opportunities for creative businesses to thrive.
- A supportive business environment
It would delight you to know that Manchester boasts a supportive business environment with various resources and initiatives to nurture entrepreneurial growth. For instance, organisations like Manchester Digital and Tech Manchester offer networking opportunities, support, and even mentorship programmes to startups! In addition, the city hosts numerous events, conferences, and workshops that foster collaboration and innovation.
- Access to education and talent
Manchester has a strong pool of talent readily available for businesses with several renowned universities, and institutions like the University of Manchester and Manchester Metropolitan University produce highly skilled graduates in various disciplines. The city’s diverse population attracts professionals from around the world, ensuring a rich talent pool with diverse (and highly interesting!) perspectives.
Manchester has rightfully earned its reputation as an ideal place to start a business. Its strategic location, supportive business environment, access to talent, affordable cost of living, and vibrant networking opportunities make it an attractive destination for entrepreneurs. Whether you’re launching a tech startup, a creative agency, or a retail business, Manchester offers the resources, ecosystem, and community to support your entrepreneurial journey. With its energy, opportunities, and entrepreneurial spirit, Manchester truly is the best place to start a business.