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Why Birmingham could be the Best City for Startups and SMEs

Entrepreneurship
31 October 2024
Why Birmingham could be the Best City for Startups and SMEs

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Why Birmingham could be the Best City for Startups and Small Businesses

If you’re considering where to grow your startup or small business, Birmingham should be on your radar. It might not have the same reputation as the capital, but it’s increasingly a top choice for entrepreneurs who want the right mix of opportunity, affordability, and community. Here’s why Birmingham offers a strong foundation for startups and small businesses to thrive.

1. Access to a Highly Skilled Talent Pool

With five universities in the area and a large student population, Birmingham has a steady supply of fresh talent. Graduates across fields like tech, marketing, and business make up a workforce ready to support the needs of emerging businesses. The city’s lifestyle—offering a good balance between work and life—helps retain talent, giving startups and small businesses a better chance to build long-term, dedicated teams.

2. Cost-Effective Office Space

Office space in Birmingham is more affordable than in London, without compromising on quality. For businesses watching their budgets, Birmingham’s serviced offices provide an appealing solution: flexible leases, equipped workspaces, and amenities that support day-to-day operations. Runway East Birmingham, for example, offers flexible workspaces designed to meet the needs of growing companies without the high overhead costs.

3. Central Location with Excellent Connectivity

Birmingham’s central UK location means easy access to other major cities. With direct rail links to London, Manchester, and beyond, as well as Birmingham International Airport close by, businesses can connect with clients, partners, and opportunities nationwide and globally. The upcoming HS2 rail link will make the city even more accessible, making it easier for businesses to expand their reach without moving base.

4. A Thriving Business Community

Birmingham’s business ecosystem is rich in resources and support networks, with organisations like Innovation Birmingham and various incubators and networking events across the city. This collaborative environment is ideal for startups and small businesses looking to grow, with opportunities for learning, partnership, and community support readily available.

5. Affordable Cost of Living

Birmingham’s affordability extends beyond the workplace to everyday life. With lower housing costs and living expenses compared to London, employees can enjoy a better standard of living, which contributes to higher job satisfaction and stability. For businesses, lower living costs can make recruitment easier and retention stronger, making it easier to attract and keep a talented team.

6. Quality of Life with Plenty to Offer

Beyond business, Birmingham has a vibrant cultural and social scene, from its music and arts offerings to its wide array of dining and entertainment options. It’s a city with something for everyone, and its green spaces provide a welcome contrast to urban life. A strong quality of life isn’t just good for employees; it’s an advantage for companies looking to create an appealing work environment.

The Bottom Line

Birmingham is a practical, supportive, and dynamic choice for startups and small businesses looking to establish a strong base. With its skilled workforce, cost-effective office space, central location, and vibrant community, Birmingham offers a unique combination of big-city advantages with fewer drawbacks. For businesses looking to grow sustainably and connect with a thriving community, Birmingham is an option worth serious consideration.

General Terms and Conditions

This terms of use (together with the documents referred to in it) tells you the terms of use on which you may make use of our website https://runwayea.st/ (our site), whether as a guest or a registered user. Use of our site includes accessing, browsing, or registering to use our site.

Please read these terms of use carefully before you start to use our site, as these will apply to your use of our site. We recommend that you print a copy of this for future reference.

By using our site, you confirm that you accept these terms of use and that you agree to comply with them.

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Got Questions? We've Got Answers

We've put together some FAQs to help you settle into life at Runway East.

What’s included in the price?

Our pricing is all inclusive, so as well as access to your own private office space, your price includes business rates, utilities, cleaning, tea and coffee, a program of professional and social events for your team, and (all importantly), Cake on a Wednesday and a Drinks Trolley on a Friday.

What will my quote include?

Your quote will include all currently available office space that meets your requirements, along with the information you need to decide if we might be right for you - images, floorplans, and full details of our services.

Do you offer free meeting room access to members?

Yes, if you become a member with a private office at a Runway East site, you get free meeting room access for your team across 100+ meeting rooms we have, with industry leading allowances. To make sure members use space fairly, overages are charged only in the event you go over your allowance.

I have specific needs - can you meet them?

Almost all our members have specific needs - and we pride ourselves on aiming to meet them. Reply to your quote with them, and we’ll give you a speedy response - or call us on 0203 1379 953.

How long are your office space agreements?

Our standard pricing is on 12 month terms, but if you want a shorter or longer agreement, those are also available, with custom pricing to reflect your commitment level.

Can I customise my office?

Yes - we have a range of office customisation options you can choose from, and we want to deliver a great environment for your team. Options include your logo on the wall, to your own phone booths in office, through to building meeting rooms and custom requirements.

I’d prefer to speak to someone on the phone or via email?

No problem - you can give us a call on 0203 1379 953 or you can email us at membership@runwayea.st.

Are Runway East expensive?

We provide a range of options for all budgets, and always aim to work with your budget where we can. If we can’t meet your needs - we’ll be upfront about that with you from the start.

Can I speak to someone on the phone/over email?

No problem - you can give us a call on 0203 1379 953 or you can email us at membership@runwayea.st

How flexible are the length of the agreements and notice periods?

We price most of our memberships on desks, or the equivalent number of desks within an office.

Are there any hidden fees we should be aware of?

We price most of our memberships on desks, or the equivalent number of desks within an office.

What are the membership criteria?

We price most of our memberships on desks, or the equivalent number of desks within an office.

How does the meeting room system work?

We price most of our memberships on desks, or the equivalent number of desks within an office.

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