North South Entrepreneurial Divide
Posted on 10th June 2013
A new study has revealed a divide between the North and South when it comes to entrepreneurs, with northerners leading the way in an entrepreneurial boom.
Figures from earlier this year suggest that since the start of the recession in 2008 the number of start-up businesses has increased rapidly to in excess of 4.8 million; and the latest study has found that the north is outpacing the rest of the UK when it comes to an entrepreneurial boom, with nine out of the top ten spots going to cities in the north of England and Scotland.
According to the figures released as part of the study, Manchester is the top city for self-employed people, experiencing a rise of 163 percent over the last twelve months.
Other cities to feature in the top ten, including Sheffield, Dundee and Aberdeen who have all experienced an increase in self-employed workers by 159 percent, 131 percent and 116 percent respectively.
In contrast to cities in the north of England and Scotland, London has only experienced a rise of 101 percent; whilst there are no cities from the South or East of England featuring in the top ten list – and the only Midlands city to feature, in fourth place, is Leicester, which has seen a rise of 156 percent.