Where Peterborough ranks as a centre for independent businesses

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Peterborough has been ranked as the 13th best city in the UK for independent businesses according to a new report.

Business experts Bionic have created an index using nine different business metrics to reveal which cities in the UK have the strongest independent economy.

Ranked in 13th place with a score of 57 out of 100 in the index of the best cities and proving to be a great city to start a business, the data showed that Peterborough had 511 active businesses per 10,000 population.

However, while Peterborough is great for small businesses, renting a business space in the city will cost hopeful business owners an average of £113 per square metre.

This compares favourably with other cities such as Reading, Southampton, Slough, Edinburgh, and Portsmouth – all of which charge more per m2 for business property; but York, Bristol, Northampton, Swindon, and Leeds were among others who charge less per square metre.

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Plunkett UK Grants

Plunkett UK Grants

With funding from the Cambridgeshire and Peterborough Combined Authority, Plunkett is currently able to offer early-stage community businesses free advice and support on how to get their business off the ground, including guidance on community engagement, legal structures, business planning and raising the funds to do it.