Starting a business in the UK is something people dream of doing, but in 2016 we saw people acting on these dreams and can at last call themselves an Entrepreneur.

More people were inspired to start a new business in the North West than London last year.  R3 – The UK’s leading organisation for insolvency, restructuring and turnaround, revealed that the number of active businesses increased by 32,774 since December 2015.

This new data showed that the number of companies in London grew by 6 per cent compared to the North West where there was a 10 per cent company growth.

In light of the UK having its highest level of active businesses, now over 347,200, it is easy to see that there is a strong start-up culture growing in the UK.

These figures prove that there has been a significant growth in entrepreneurial spirit and a strong drive to run a business.

The most popular business growth sectors

Transport – 46 per cent increase

Restaurants – 25 per cent increase

Technology and IT – 14 per cent increase

Professional Services – 11 per cent increase

Transport had the largest growth, with over 6,500 businesses and even though food and drink are a popular business opportunity for start-ups, there has also been a drop in these businesses succeeding due to the economy.

The growth in transport businesses is most likely due to online shopping, which in turn creates an increased demand for couriers. Also, Richard Wolff, the North West chair of R3 stated that Uber and Deliveroo have made it easier for individuals to set up and become involved in the transport business.

After seeing the growth, success and new business opportunities through 2016, it is natural for many people to see the potential and positives revolving around running your own business.

If you are inspired and wish to challenge yourself in 2017, read our Spaces and Places blog on how to Start a New Business This New Year.

Over the last few years, Manchester has become a desirable city for everybody, ranging from businesses and students to musicians and thespians; Manchester is the place to be. With more people becoming drawn to living in the city, comes more people seeking an apartment in the city centre.

Manchester’s population has continued to grow year on year, but finding a place to live has become a challenge for Manchester residents. Studies have emerged that certain properties have been let in just one hour and on average, each apartment receives three or four offers.

The city has a strong economy and a growing population, which has made Manchester a place of opportunity and possibility for all types of businesses.

Due to the high demand of businesses looking to rent space and with there being over 2,000 prospective tenants wanting to rent 130 properties listed, rental prices have increased. The M.E.N stated in 2015, that rental prices across Greater Manchester had increased by over 20 per cent in 12 months.

An option for many business owners is self-storage, especially around Christmas when business is booming and products are in high demand. Whether you turn to self storage to store extra stock, or run your business from a unit; you are in a win-win situation.

Storage units are dramatically cheaper than renting in the city centre, and allow you the flexibility to rent more or reduce the amount of units you need. All you need to do, is give a week’s notice. To learn more about why businesses are turning to self storage, click the link.

At Spaces and Places we offer 24/7 CCTV surveillance, secure fencing, strict security protocols, a coded gate and other important security features to ensure your products are kept safe and secure at all times.

If you are looking to start up a business, or are a business owner but find it increasingly difficult to afford rental prices in the city centre, then get in touch with Spaces and Places Manchester – our friendly staff are here to answer any questions you may have.