Originally written by Anna Jordan on Small Business
Oxford is becoming an increasingly desirable location for starting a business.
It’s within easy reach of other business hubs like London and Bristol, has a rich history coupled with grand architecture and is a real treat for literature fans.
Before we talk to the local small business owners, let’s look over some of the city’s key characteristics.
Population
ONS mid-2018 population estimates had the population of Oxford at 687,500. Said population is ageing, with the number of people aged 85+ expected to increase as much as 63pc by 2032, according to the Oxfordshire Joint Strategic Needs Assessment. However, planned housing growth is expected to create a significant increase in the working age and younger populations. What’s more, the university means there’s a high rate of people aged 20-24 living in Oxford city.
Crime rate
The crime rate in Oxford is about the same as it is in similar areas. In the year ending December 2018, it was 105.22 per 1,000 population – around the same level as Northampton (105.79) and Reading (102.71).
As you might imagine, bike theft is more common than in other UK cities. Thames Valley Police says that 1,816 bikes were stolen last year. That’s around five