Birmingham has once again topped the league table for regional start-ups. Its economy is powering ahead and there’s a renewed energy in the city underpinned by the realisation that Birmingham is rightly an entrepreneurial hotspot.
Digital and tech businesses are thriving – there are some 14,500 across the West Midlands. Many are making inroads into sectors often perceived as London-centric and are securing investment to further growth, including Birmingham-based Inspired Thinking Group which was set up in 2009 has become a leading digital marketing services specialist. Another innovative young local tech player and software provider, eTech, was recently sold to CoreLogic, a large US-listed group.
It will be interesting to track the progress of the new crop of Birmingham start-ups over the coming months and years.
There were 12,108 businesses set up in Birmingham last year, according to research to be released tomorrow by the Centre of Entrepreneurs, a think tank. Data taken from Companies House shows it topped the league of local authorities outside London for creating new companies for a fifth consecutive year.