North business population outpaces the South
Middlesborough has the UK's fastest growing business population, report finds
Middlesbrough is the UK’s business hotspot, according to a new league table from the Royal Mail.
The organisation’s ‘business barometer’ puts the city top of the business population list, with a 3.5 per cent gain on this time last year. It jumped 99 places on the 2003 barometer, when its business stock dropped by 3.1 per cent.
Last year’s winner, Belfast, came in second with a 2.7 per cent increase; while Carlisle placed third with 2 per cent growth.
But possibly the most noteworthy aspect of the research was the comparative lack of growing cities in the South of England. Exeter was conspicuous as the only southern city to make the top ten – coming in joint ninth with Wrexham.
“The latest findings from the Royal Mail Business Barometer highlight the ever-changing business environment throughout the UK,” said Shaun Randles, head of data development at Royal Mail.
“With such a high rate of business data decay it is imperative for any business to keep its customer data fresh and updated, to avoid wastage and make their investment in customer communication more efficient.”
The findings are slightly misleading because they deal in growth as a percentage of existing businesses. London, with hundreds of thousands already in place, will always struggle to make the top ten.