A new report from SumUp, the leading global fintech company, has revealed the best cities in the UK for independent businesses to thrive.
In recent years, there has been a bigger spotlight placed on independent businesses, as consumers become more conscious of their local communities and the impact their purchasing behaviour has on the environment.
Considering the rise of Britons starting new business ventures, SumUp has revealed the best cities in the UK for independent businesses. By looking at the top ten industries for independent businesses and assessing how many there are in each city, we’ve created a list of the top ten locations. Each city was assigned a final index score and ranked accordingly.
It’s no surprise that London tops the list as the best city for fostering and thriving as an independent business. The capital boasts an impressively high score of 8.55 for the number of independent businesses the city hosts, home to 213 beauty salons, 201 barber shops and 166 coffee shops to name a few. The capital also has an extensive number of takeaways, 136 to be exact, covering every cuisine you can imagine
Bristol takes second place. Whilst scoring somewhat on the lower end for the number of independent businesses they host, the city boasts the highest score for average reviews among the cities in the top 10. With a score of 6.45, the industries thriving the most in the city, with the highest average ratings, are barber shops (average rating of 4.83 out of 5), beauty salons (average rating of 4.71 out of 5), and bakeries (average rating of 4.67 out of 5).
Birmingham ranks third, also boasting a high score of 11.55 for the number of independent businesses in the city.
The cities that failed to make the top 10 include popular tourist destination Nottingham which placed in 13th and Brighton surprisingly placed in 15th place, despite being known for independent businesses across The Lanes.
The cities that failed to make the top 10 include Sheffield, York and Cardiff.
Corin Camenisch, Product Marketing Lead, at SumUp said, “We’re rooted in supporting independent businesses beyond financial technology. By understanding and spotlighting the best cities in the UK for businesses to thrive, we’re aiming to provide valuable insights to entrepreneurs.
“Whilst the sheer number of independent businesses in each city is a crucial part of our research, the quality of the businesses reflected by customer reviews is a powerful indicator of both success and satisfaction within each city.”
