Since the United Kingdom's historic decision to leave the European Union, there has been some uncertainty about whether the U.K. is a good destination for aspiring businesses. While there are several factors to remain aware of when considering trade with the EU, the United Kingdom is still fertile ground for the seeds of business. 

Government Focus on Entrepreneurship 

The U.K. is taking deliberate steps to make setting up your business easier than ever. Their focus on improvement creates a friendlier startup landscape for younger entrepreneurs. There are many funding options available for younger businesses that don't have the means to support themselves through the rough beginning phases of business setup.

Cost of Living 

Because the U.K. consists of England, Scotland, Wales, and Northern Ireland, the cost of living can vary wildly between big cities and rural areas. The cost of housing in the United Kingdom varies greatly. Properties are typically a bit more scarce and pricey in cities but prices drop significantly in more rural areas.

In recent months, the United Kingdom saw a record drop in housing prices, making it a great time to invest in a property in the United Kingdom. 

Quality of Life

Given its scale, the U.K. is home to many different cultures. In turn, citizens and tourists can enjoy a variety of different foods and experience many cultural events. Some of these events include:

●      Burns’ Night

●      London Fashion Week

●      Eid Al-Fatir

High Level of Education 

When aiming towards business success, the quality of talent your hire is of utmost importance. The quality of education in the U.K. is very high and it's home to some of the world's most renowned universities. These include:

●      University of Oxford

●      University of Cambridge

●      London School of Economics and Political Science

●      The University of Edinburgh

Notably, 81% of U.K. citizens have completed upper secondary education.

Free Health Care

In a lot of countries, something as simple and basic as health care can break the bank. Luckily, health care is considered a universal right in the U.K. As such, free health care is provided to all residents by the National Health Service (NHS).

Simply being a resident gives you automatic coverage, so you can rest assured you and your family will be sufficiently looked after when it comes to health. 

Stable Economy, Ample Opportunity

The United Kingdom has one of the world's most stable economies. It has a consistently high annual GDP and is home to a world-leading currency. Visiting some of the United Kingdoms' largest cities, it's easy to see how much industry and opportunity there is. 

Entrepreneurs in the U.K. can benefit from the assistance of several business associations and networking groups. Their goal is to help you take your business to the next level, whether it’s just beginning or already growing. Some of these organizations include:

●      British Chamber of Commerce

●      Federation of Small Businesses

●      SME Alliance

You can also make use of freelancers with varying specialities to take care of various aspects of getting your business off the ground. Business plan services, for one, can be instrumental in ironing out the fine points of your business, so you can get funding and generally just start strong overall. You can easily find a freelancer to do this (and myriad other tasks) through a trusted website like Upwork where you can vet candidates based on client reviews, rates, and other parameters.

Ready to Make Your Move?

Get your business planned and move to one of the most encouraging countries for business startups. Let Isaac Who document your business journey with our corporate video service and start playing out your business success story today. Get in touch with one of the team so we can bring your big idea to life.

 

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