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More than 14,000 Businesses Launched in Manchester

More than 14,000 Businesses Launched in Manchester

Nearly 14,500 businesses have launched in Manchester this year, with Trafford and Manchester City Centre the best areas in the country for new startups.

So far this year, Manchester is in the top 10 in the UK for the number of new businesses started in the area. 4,263 companies have been set up in Manchester this year.

Operations director at startup support outfit Business Finance Solutions, Peter Treadwell, believes Greater Manchester has always been a source of entrepreneurial talent with the figures only confirming his thoughts.

He said: "Startups and SMEs are the lifeblood of any economy and this region has been quick to put in place a range of access to finance and business support networks that are vital to the success of any new business.

"The type and scale of startups in the region is also healthily varied; it's not just small scale businesses or sole traders.

"Demand for products such as our Start Up Loans has never been higher but we are also seeing enormous interest in Co, our angel investment service that supports more ambitious companies to develop their product or service."

"Manchester has the cost-effective and world class support solutions that start up businesses need but it also goes much further than that.

"We have always embraced collaboration and co-operation - bringing established companies together with new and growing ones in places like MediaCityUK and Manchester Science Park and creating public private partnerships that really work - all of which are key to providing the scale of opportunity that businesses need in order to start up and grow."

England has more business startups per head than any of the other three UK nations with 52.8 per 10,000 people and 40.4 per 10,000 if you exclude London.

Growth startup manager at Business Growth Hub based in Manchester city centre, Gyles Denn, said: "Greater Manchester offers the perfect environment for start-ups and has excellent networks to provide opportunities for businesses both big and small.

"The Northern Quarter is gaining a solid reputation with technology startups and Hello Work at the old Granada Studios continues to provide office spaces and new ways of working for start-ups - right through to the larger corporations."


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