Top 3 factors that make the UK ideal for Start-ups

Several businesses are choosing to scale up their Start-ups in the UK instead of nations in Eastern Europe. Below are the 3 most vital factors that make the UK ideal for Start-ups:

1. Talent

The UK unquestionably has the ability to compete with Silicon Valley when it comes to attracting overseas talents. London is largely considered as the talent hub for Europe. It has the largest pool of talents and houses more Unicorns and Start-ups than any other European nation.

The UK Home Secretary announced the new UK Start-up Visa route with the aim of expanding the pool of Entrepreneur talents. This was also aimed at making the Visa process smoother and more efficient for those arriving at the UK.

2. Resurse fiscale

The UK has the largest capital funds in Europe for starting Tech Start-ups when it comes to financial resources. In just 2017, 71 Billion Euros were raised. This was a record year in terms of Start-up investment and this continues to increase, as quoted by the Entrepreneur.

There are abundant schemes for investment in the UK for setting up Start-ups and this facilitates expansion and growth. The incentives to launch a business in the UK are more attractive than ever. Some of the bodies that offer financial and practical guidance include:

•    Enterprise Investment Schemes

•    Collective Investment Schemes

•    Seed Enterprise Investment Schemes

3. Atitudine

Being incredibly resilient is an essential aspect of entrepreneurial behaviour. The UK obviously has an established background and network for fostering Start-ups and innovation. This offers a safe setting for budding entrepreneurs and a verified method to assist people in excelling in the scale-up phase.

Thus, the UK possesses the most diverse talent pool and an excellent network of mentor, accelerator and funding programs. As of now, it remains one of the best places globally to start a business.

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