Despite the challenges and uncertainties associated with Brexit, the United Kingdom is the second largest economy of the European Union. Similarly, it is one of the largest worldwide. With 65 million inhabitants and a GDP of about 2.6 trillion dollars, this country is particularly appreciated for its highly developed market, diversified and sophisticated. The UK economy grew by 1.4% in 2018, a considerable slowdown compared to the results obtained in previous years. This reflects uncertainty about the Brexit before entrepreneurs, investors and the various entities that contribute to economic growth of a country. However, business opportunities in the UK They are diverse.
The technology industry is the area with more business opportunities for startups and small businesses. In the UK, there are a large number of services related Cybertech (security technology), aerospace, FinTech (financial technology), construction, retail and agriculture.
Major cities most suitable for startups
According to Forbes magazine, Manchester and London in 2017, were considered as third and fifteenth best global city for startupsRespectively. To do this index, several criteria were considered: quality of life, living costs, rent, ease of starting a business, the cost of office space and the monthly salary. Manchester stood out for its relatively low cost of living and, in that it has beneficial conditions for startups. Despite the economic and political instability in this country in recent years, the UK remains at the top. That is, remains to be seen as one of the leaders when it comes to business and innovation.
Silicon Republic late last year, considered Belfast, Cambridge, Edinburgh, Glasgow, London and Limerick as one of thirty best cities for startups from Europe. This is because these represent an enormous entrepreneurial and innovative potential, especially in the field of technology.
Currently, London was considered the sixth best city for startups on a scale of 50 cities by Valuer.ai. Moreover, this is the technological capital of Europe. However, due to Brexit situation, many British entrepreneurs are looking for alternatives outside the country and many of the entrepreneurs who wish to start a feel reticent business start them in the UK, despite this being one of the best countries for startups birth, as seen in these studies.