A new report has put Leicester at the top of a list of Britain’s best cities to invest in.
The study by online savings provider Raisin 海角视频 looked at things such as business survival rates, office costs, unemployment figures and the housing market in 30 of the 海角视频’s biggest cities to see which would be best to start a new business in.
It suggested Leicester was the best because of its new business survival rates and strong property market.
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The one year business survival rate in the city, it said, was more than 91 per cent and house prices have risen by 28.3 per cent in the past two years, meaning the property market was booming prior to the lockdown.
The city is home to two universities, a John Lewis store, a successful football team, easy access to London by rail and the M1, as well as the headquarters of big businesses such as Shoe Zone, Walkers crisps and Next.
The study said the average house price in Leicester was £246,000.
Also making the top three for investments were Bristol and Coventry, which both have high rates for business survival (88.7 per cent and 90.6 per cent) and had seen house price increases of 26 per cent and 28 per cent.
Next were Chester, Brighton and Hove, Peterborough, Manchester, Southampton, Glasgow and Edinburgh.
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Derby was in 21st place, London was 28 and Nottingham was 29, with Salford at number 30.
Kevin Mountford, co-founder of Raisin 海角视频, said with more than 670,000 new businesses starting in the 海角视频 each year, and 20 per cent of those failing in their first year, it was important for entrepreneurs to get their location right to have the best chance of survival.
He said: “Whether you’re buying a house or starting a business when it comes to investing in something new, you have to weigh up the pros and cons, and the location is a key factor in that.”