Swindon ranked fifth best town in UK for independent businesses to set up shop

By Jessica Durston - 14 December 2021

Business
  • A table provided by Bionic of the top ten towns for independent businesses

    A table provided by Bionic of the top ten towns for independent businesses

According to new index data from business experts at Bionic, Swindon has ranked fifth place in a list of the best towns to set up an independent business.

Bionic says there has been a massive growth in small businesses across the UK over the past five years.

More than 800,000 new business registrations have been made since 2018/19 -  but this 3.5% increase in growth slowed down due to the pandemic, with lockdowns begin at the start of 2020.

As the end of 2021 is drawing in and companies are working their way towards a new normal, business experts at Bionic wanted to help local UK businesses get a running start to their 2022.

The company has created an index using nine different business metrics to reveal which UK city has the strongest independent economy, where small businesses can thrive - and Swindon takes fifth place.

As can be seen from the graphic above, Southampton takes top spot with an index score of 74.4, Swindon places in the middle with 63.6, and Edinburgh takes the tenth spot with an index score of 58.9 out of 100. 

The data also showed that Swindon had 454 active businesses per 10,000 population and new business start ups, analysed at 13.2%.

Swindon is also said to be among the UK cities with the cheapest value for office floor space, with the renting of a business space costing hopeful business owners an average of £100 per m2.

More information about Bionic can be found on its website at https://bionic.co.uk/

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