New research has found that 67% of start-up owners set up their business in the same city that they were born in.
Award winning communications provider Plusnet have released new survey data and have found that:
- 86% of start-up owners turning over a profit of >£400,000 set up their business in their home town.
- 72% of all those we surveyed had set up businesses outside London.
- Connections in the city, knowing the city well and suitability for business in their industry were the top 3 reasons for setting up locally.
More details about the data can be found in this blog post: https://community.plus.net/t5/Plusnet-Blogs/The-UK-City-Start-Up-Boom/ba-p/1595290