The UK's Most Expensive Business Locations
| Date Added: Thu July 31 2008 |
Here are the most expensive places in the UK to run a small business outside London.
According to Alliance & Leicester’s Business Cost Monitor (BCM), the popular commuter town of Milton Keynes, less than 50 miles from London, is the most costly place to run a small business in the country. The town scores particularly highly on rental values, transport prices and labour costs.
The Top Ten most expensive locations for businesses outside London are:
1. Milton Keynes
2. Cambridge
3. Oxford
4. Guildford
5. Edinburgh
6. Chelmsford
7. Reading
8. Stevenage
9. Bristol
10. Manchester
More than a third (35%) of SMEs across the UK identified labour costs as their biggest financial concern, with a quarter (27%) naming business rates, almost a fifth (19%) identifying rental costs for premises or equipment and nearly one in ten (9%) citing transport costs as having the biggest impact.
When it comes to the secondary costs associated with running a business, almost three in ten (29%) feel the cost of living has the greatest impact on them, while almost two in ten (17%) find the cost of housing in the area, for both themselves and their staff, the greatest burden. The cost of recruitment, childcare and crime all rank much lower. |
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