Originally written by Anna Jordan on Small Business
Bristol has the best five-year business survival rate, according to new statistics from BusinessComparison.com.
Supported by recent Office of National Statistics (ONS) figures, the study shows that just four in ten UK start-ups survive their first five years in business.
To identify the most prosperous city for start-ups, researchers looked at the how many businesses were started in UK cities in 2013 and how many were still going in 2018.
In Bristol, 44.4pc of new start-ups survive to the five-year mark, with an economy based on the creative media, electronic and aerospace industries. The only other cities who were above the UK average of 42.43pc were Brighton and Hove (44.1pc) and Leeds (42.9pc).
RankTown/cityNew start-ups in 2013Five-year survival Five-year survival rate
1Bristol2,5701,14044.36pc
2Brighton and Hove1,96086544.13pc
3Leeds3,8951,67042.88pc
4Sheffield2,14591542.66pc
5Cardiff1,66570542.34pc
6Bournemouth91038542.31pc
7Edinburgh2,7301,15042.12pc
8Bolton1,38058042.03pc
9Bradford2,25094542pc
10Aberdeen1,44560541.87pc
>See also: The essential guide to starting a business in Bristol
Plymouth is languishing at the bottom of the list with the lowest start-up survival rate in the UK. Fewer than one in three (30.7pc) new ventures last beyond five years.
RankTown/cityNew start-ups in 2013Five-year survivalFive-year survival rate
21Kingston upon Hull89034538.76pc
22Stoke-on-Trent87033538.51pc
23Nottingham1,33551038.2pc
24Newcastle upon Tyne1,19545538.08pc
25Manchester3,3851,27037.52pc
26Glasgow City2,8301,06037.46pc
27Northampton1,44552035.99pc
28Liverpool2,25080535.78pc
29Portsmouth90532035.36pc
30Plymouth1,09033530.73pc
Unsurprisingly, the south west was the region with the highest business survival rate at 45.6pc. Each of the three regions with the highest survival rate