Why Start a Business in Bristol?
Bristol has been named among the top 5 best cities in the UK to start a business, based on an extensive assessment by card payment giants ‘Paymentsense’.
For many years, Bristol has been a prime location for UK businesses to settle. The south-west city offers many key features that help businesses to thrive. This article will explore why Bristol is one of the most attractive cities for start-ups.
Bristol is the 10th largest city in Britain, with an estimated population of 459,300. Central businesses will benefit from a sizeable customer base on their doorstep.
Bristol is home to two universities: the University of West England and the University of Bristol, which is ranked amongst the top 10 UK universities by QS, THE and ARWU. A large student population increases your chances of hiring bright new talent. Plus, over half of Bristol’s working-age residents are qualified to degree level or above.
Bristol features various attractions for people of all ages and interests. It is the 7th most visited city for tourism in the UK and was visited 13.6m times in 2018. This heavy footfall of tourists is beneficial for retail businesses – total business turnover due to tourism is estimated at 1.77bn for 2018.
Bristol’s shopping scene is vibrant. The Bristol Shopping Quarter is home to hundreds of shops and is visited by thousands of shoppers every day. This location is perfect for new businesses to gain exposure.
Bristol resides in a popular region of the UK, with easy access to many top UK cities. It is closely connected to South West England, with Cornwall, Somerset and Wales all close by. Bristol is also a main connection point for the South West to the North of the UK, including to cities such as Birmingham, Newcastle and Manchester.
Cheap operating costs
A business is much cheaper to run in Bristol than it is in London or other similarly-populated areas of the UK such as Manchester. Cheaper operating costs will likely yield a greater profit margin. This is an irreplaceable asset for starting businesses.
Bristol is home to Vanguard Storage, a professional, secure location for businesses to store stock and other assets. Vanguard Storage is competitively-priced; if you can only afford a modest-sized office, storage is a vital low-cost commodity that will aid in the development of your business. Vanguard Storage gives a helping hand to new businesses in the Bristol area. You can find out more on our dedicated Bristol page.
Vanguard Storage have over 55 years of experience providing secure storage to customers across London, Manchester and Bristol. If you’d like to enquire about self-storage in Bristol, business storage in Bristol, or any of the extensive services we offer, get in touch with our team today.