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New research reveals that Leicester is one of the leading UK cities for launching successful start-ups.

Research undertaken by card payment solutions provider Paymentsense has identified the top 15 cities in the UK for starting a business, with Leicester placing 4th.

Based on factors including business survival rates, weekly salary, average rent, population, and the number of employed adults in the area, Paymentsense ranked which cities in the UK offer the best environment for prospective SMEs.

Photo Credit: Pukaar News

Our Innovation Hub works closely with industry, collaboratively turning research expertise and business ideas into innovative products, services and processes. The Hub hosts a Start-up Accelerator and offers a variety of funding and networking opportunities for new and growing businesses.

Rajinder Bhuhi, Business Manager of the Leicester Innovation Hub said: “The Leicester Innovation Hub is driving a number of bold initiatives to support business start-up here at the University and across the city.

“Through the Start-up Accelerator, students and graduates can access to funding, expert training and mentoring, networking and workspace to get started.  We’re currently searching for aspiring student entrepreneurs to provide £1,000 funding to test their business ideas.

“We’re also joining forces with entrepreneurs, another local university, the City Council and Leicester and Leicestershire Local Enterprise Partnership, through the Start-up Leicester Co-working Project, to nurture start-up and co-working in Leicester. The initiative will bring together a community of existing and aspiring start-ups helping each other to succeed and enable Leicester to reach its potential as a globally significant start-up city.”

With plans to open a new low cost, flexible and shared co-working space in Leicester over the coming months, entrepreneurs can already receive information on a variety of exciting upcoming events and opportunities by subscribing to a city wide weekly Start-up Digest.

Browse the full rankings on the Paymentsense website

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