Business Hotspots Around the UK

Written on Friday, 29 December 2017

Providence, Rhode Island, USA city skyline on the Providence River at twilight..jpeg

Choosing your location is one of the most important decisions you make as a business owner.

You need to surround yourself with like-minded experts, healthy competition and make your business easily accessible to your primary customer base. Get it right and it’ll make your business. Get it wrong and it could break you.

Of course, the right location is rarely cheap, so you need to choose wisely in order to get the office you want, in the place you want, at the right price.

We’ve highlighted some of the knowledge bases that particular industries have centred around in different parts of the UK. By creating ‘hubs’ for specific sectors, there are skilled pools of talent, established supply chains and higher-quality networking and collaboration opportunities.

  1. Real Estate - Outside of London, Salford emerges from data supplied by the Office for National Statistics as a hub for real estate. Driven by the establishment of media city and the creative hub around that, there has been a boom in the local real estate industry as high-skilled employees and entrepreneurs move in.
  2. Creative and Communication Technology Sectors - Mostly based in London and the South East, with small pockets of expertise dotted around the rest of the UK. A primary hub for advertising, media and associated industries, the bulk of revenue generated in this sector comes from the capital. There are emerging challengers to London’s dominant position however, namely the North West and Yorkshire, where creative industries such as marketing and digital design are successfully disrupting the status quo.
  3. High-tech economy - There are a number of smaller high-tech hubs around the UK. Perhaps the most successful however is in the historically oil and gas-dependent city of Aberdeen. It has diversified into a centre for cutting edge technological excellence and is the largest high-tech hub outside of London and the South East. In part this has been driven by the needs of the oil industry, developing technological innovation through software, sensors and robotics to maximise oil field yields in the North Sea.
  4. Professional services - If your business is finance, legal or other professional services, then outside of London you need to look North. Manchester, Liverpool, Leeds and Edinburgh were among the top cities identified for professional services in a survey by as key locations - employing between 18 and 30,000 people each in these sectors.
  5. Retail and wholesale - Should you be operating in a retail environment, Essex and the East of England are flourishing, generating a total turnover of £142 billion. While it is far from the only region where retail is strong - the North West, South East and London also score highly - it is interesting that retail is the dominant sector in the East specifically, according to a study by BDO Global.

As you can see, there are plenty of areas around the UK for you to start up your new business, you don’t have to pack up your things and move to the centre of London to flourish. You could find plenty of opportunities right on your doorstep!

Looking for a new office location? Follow us on Twitter @OregaOffices for more tips or email us here.

Business location

Our recent posts

21 May

We’ve all had that sinking feeling on a Sunday night, when you remember it’s Monday tomorrow and the weekend is over. It can be tricky trying to launch ourselves back into work-mode, but with the right motivation and mentality, you can get your.

Read More
14 May

Modern-day workplaces tend to be fast-paced, demanding and stressful – it’s the nature of business to be ‘always on’, but it can leave employees feeling run down and unproductive. The solution? Bring a little Zen into your office, with notions of.

Read More
10 May

So you’ve landed your dream job and get to work remotely - goodbye 9-5! It definitely takes a certain type of person to work away from an office and it comes with its own pros and cons. Sure, you get to take an afternoon power nap if you feel.

Read More
08 May

Do you feel run down, rushed off your feet and a little stressed out? Balancing a career and your family life can be very difficult and can put strains on various parts of your life. But there are lots of easy ways you can manage your time so you.

Read More
02 May

It’s not a walk in the park being the big boss, there’s a lot of added pressure and responsibility, but it’s all worth it when you see that the changes and decisions you’ve made have had a positive impact on the company.

Read More

Drop Us A Line