Newcastle makes the top ten!

December 12, 2018

New research shows that Newcastle is in the top ten most entrepreneurial towns in the UK.

Business broker Hilton Smythe has welcomed the results of a new report that has found that Newcastle is one of Great Britain’s most entrepreneurial towns, and the most entrepreneurial in the North East of England.

The Local Data Company (LDC) recently published research into the evolving landscape of the high street, and found that in 2017-18, Newcastle came eighth place in the net increase of independent retailers, seeing a growth of 20 independent shops in the city over the year.

The LDC surveyed more than 300,000 independent shops, and this gives a picture of how local businesses are performing in 1,300 towns and cities across Great Britain. Other places that appeared in the top ten most entrepreneurial towns included Tooting, Aberdeen, Liverpool, and Great Yarmouth.

Hilton Smythe, a Northern firm which helps small business owners to buy and sell their businesses, has found that independent Takeaways, Garages, Hair Salons, Pubs and Guest Houses have been particularly popular in the region.

Gareth Smyth, Group Managing Director of Hilton Smythe said: “It is uplifting to see that Newcastle is doing so well in terms of the number of independent shops and businesses. It is incredibly positive, considering there is a lot of news about big chains, such as British Home Stores and House of Fraser, having to close their doors.

“Newcastle has shown a great deal of resilience in a time when the high street is getting a rough ride. The North East has a great entrepreneurial spirit, and I’m certain the city will continue to see growth in the future.”

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Source: Retail and Leisure Trends Report 2017/18: The evolution of our retail landscape, By The Local Data Company (LDC), Published June 2018 P28-34.