James Brockbank http://businesscomparison.com 1m 220 #startupcities
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Best Cities For Startups In UK
New research, released today by BusinessComparison.com, reveals fresh insight into the state of startup survivals in the UK. The research, backed by recently published ONS figures, shows that just 4 in 10 startups in the UK (42.4%) survive their first 5 years in business.
The research further looks at the cities with the best, and worst, startup survival rates in the UK…
UK Cities With The Best 5 Year Business Survival Rates
The city with the best survival is Bristol, with 44.4% of new startups surviving to the five-year mark, backed by an economy built on industries such as creative media, electronics and aerospace.
The only other cities to show a higher survival rate than the national average were Brighton and Hove (44.1%) and Leeds (42.9%).
| Rank | Town / City | New Startups In 2013 | 5 Year Survivals | 5 Year Survival Rate |
| 1 | Bristol | 2,570 | 1,140 | 44.36% |
| 2 | Brighton and Hove | 1,960 | 865 | 44.13% |
| 3 | Leeds | 3,895 | 1,670 | 42.88% |
| 4 | Sheffield | 2,145 | 915 | 42.66% |
| 5 | Cardiff | 1,665 | 705 | 42.34% |
| 6 | Bournemouth | 910 | 385 | 42.31% |
| 7 | Edinburgh | 2,730 | 1,150 | 42.12% |
| 8 | Bolton | 1,380 | 580 | 42.03% |
| 9 | Bradford | 2,250 | 945 | 42.00% |
| 10 | Aberdeen | 1,445 | 605 | 41.87% |
UK Cities With The Worst 5 Year Business Survival Rates
At the other end of the scale, Plymouth is the city that has the lowest startup survival rate in the UK, with less than one in three (30.7%) new ventures lasting five years or more.
| Rank | Town / City | New Startups In 2013 | 5 Year Survivals | 5 Year Survival Rate |
| 26 | Glasgow City | 2,830 | 1,060 | 37.46% |
| 27 | Northampton | 1,445 | 520 | 35.99% |
| 28 | Liverpool | 2,250 | 805 | 35.78% |
| 29 | Portsmouth | 905 | 320 | 35.36% |
| 30 | Plymouth | 1,090 | 335 | 30.73 |
The full research can be seen here:
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