Big news out of the UK: rural areas are starting up more businesses and outpacing urban areas.
Four different news sources picked up this story on the report from Barclays Local Business.
What led to this boom in rural business?
From the London Stock Exchange:
“Amongst the fastest growing start-up locations, more than half are mainly rural or are towns that serve a rural economy.” This growth could be attributed to the number of local people establishing businesses to serve the community, or the arrival of more “down shifters” from urban areas.
Are there any common factors in the booming rural areas?
From Easier Business:
“…the top four are all in areas of outstanding natural beauty which are not only attracting locally grown businesses, but people moving to the area who might be using teleworking to run a consultancy, or have decided to run a tourism business such as bed and breakfast. What is certainly true is that if a place is desirable to live in, business will follow.”
So, is this a real trend, or is it just a fluke?
From IC Wales:
“Out of the fastest growing start-up locations across the UK, you could certainly argue that many are largely rural or in towns that serve a rural hinterland. Therefore it seems less likely that this is a pure accident and is more likely caused by a genuine growth in businesses moving away from urban areas.”
How are women entrepreneurs doing?
From Finance Daily:
Officials are also encouraged by the 12 per cent rise in the number of businesses started by women. Nearly 27 per cent of all new business last year were created by women.
[Photo of UK small town small business by joshuaone6to9 via Flickr.]
New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Get our updates.
- Move Your Money and Bank Local - March 22, 2023
- Using a building as a warehouse or storage in a small town? Put up a sign - March 13, 2023
- How to get customers in the door of small town and rural retail stores - February 19, 2023
- Check your small business website for outdated pandemic changes, missing info - January 31, 2023
- Rural Tourism Trend: electric vehicle chargers can drive visitors - January 15, 2023
- 2023 trends for rural and small town businesses - December 26, 2022
- Local reviews on Google Maps drive enduring value - December 17, 2022
- Extra agritourism revenue from camping, cabins and RVs with HipCamp - December 12, 2022
- Harvest Hosts attract vanlifers and RV tourists, Boondockers Welcome - December 2, 2022
- Holiday 2022 marketing: Tell your founding story - December 1, 2022