âBirminghamâs start up success is not accidental. It is our innovative talent, âcan doâ mentality, tailored support schemes and the fervent backing of our local business community, which combined with our proximity to the capital and affordability, makes Birmingham a start up hotspot.
âThere is a real buzz about the city and the businesses that are calling it home at the moment. Some of our digital and tech companies are fast becoming ones to watch in the sector and new investors are being drawn in to find out more. Foreign investment to the area rose by more than 50% last year - that is no coincidence. Todayâs start ups are not only tomorrowâs big businesses, they are attractors for investment.
âItâs an exciting time to be in business in Birmingham.â Lucan Gray, Owner of The Custard Factory and Fazeley Studios, which houses a growing cluster of the cityâs creative and digital businesses, said:âWe have seen a huge uplift in start up activity in recent months, evident in enquiries across both the Custard Factory and Fazeley Studios. Birmingham offers start ups a strong talent pool and peer network, support schemes, flexible working spaces, affordability and easy access to the capital. It all adds up and we are confident that this is a growing trend that will make Birmingham one of the most exciting and creative cities to be in business in.âSir Albert Bore, Leader of Birmingham City Council, comments on the findings from Start Up Britain that Birmingham is the most entrepreneurial region outside of the capital:âEighteen months ago we set out to make Birmingham the UKâs enterprise capital. Todayâs findings demonstrate that we are well on the way, with Birmingham leading the way by some margin as the UKâs regional start up hotspot. According to Start Up Britain, Birmingham is home to more new businesses than any location outside of the capital. New businesses bring employment and we are seeing that with more jobs being created by the private sector in Birmingham over the last three years than any other English city outside the capital.âFor further information on the start ups researchÂ http://www.startupbritain.co/ The fullÂ Cities Outlook 2014 can be downloadedÂ http://www.citiesoutlook.org/summary/birminghamÂ Â AN EXTRACT FROM BUSINESS BIRMINGHAM
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