There are more startups launched in Birmingham than any other city in the UK outside of London, lured by its booming economy.
Birmingha m in the West Midla nds is the UK’s second la rgest city and is proving to be one of the best places to invest in when it comes to residential real estate in the UK. But why are property investors flocking here? We ca n na rrow it down to a few reasons including investment in transportation infrastructure, jobs, and education.
Booming Economy
Birmingham is a top business destination in Europe. The West Midlands in which it is located is one of the UK’s largest regional economies, and is currently valued at just over £156 billion.
The city has a 20-year city centre masterplan called the Big City Plan. It covers every aspect of the built environment and will add 50,000 new jobs to the city, as well as contribute £2.1 billion to the economy every year.
Little wonder then, that startups are flocking to Birmingham to set up their businesses. There are more startups launched here than any other city in the UK outside of London.
