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Preston is amongst the top 25 UK cities for independent businesses

Posted on - 17th January, 2022 - 7:00am | Author - | Posted in - Business, Preston City Centre, Preston News
Looking down Fishergate in Preston city centre Pic: Tony Worrall
Preston is the 24th best city for independent businesses. Pic: Tony Worrall

A study that looked at which UK city has the strongest economy for small businesses, has placed Preston in the top 25 cities.

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Preston took 24th place in the list of best cities for independent businesses. The results showed that the city had 188 active businesses per 10,000 people.

The city is also amongst the cities with the cheapest value for office floor space, which makes the city appealing for start-ups.

Read more: How Mowgli Preston could look when it opens in Miller Arcade

The UK has seen a rise in small businesses in the last five years and Preston is among the cities with the highest growth.

Small businesses in the city also have a good survival rate of 41.9 percent.

To conduct the study, Bionic looked at the 50 largest cities in the UK and at a number of factors including business start-ups per 10,000 people, five-year survival rate and the percentage of small active businesses.

See which businesses are declaring themselves #BackForGood near you by entering your postcode below or visit InYourArea



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