London ranks among the best in Europe for start-up businesses

London ranks fourth best city for start-ups

The Knowledge Academy has found out that London ranks fourth among the best European cities to start a business, with a final score of 8.27/10. With over 500 quality office spaces in the city, London offers a huge advantage for businesses that are in need of a well-located headquarters. Home to some of the biggest fintech startups in the world, it also brings global entrepreneurs together to learn and to network with regular startup professional events.

Top 10 cities in Europe for a start-up business

The Knowledge Academy has found that Paris in France is the best city for a start-up business, scoring 8.87/10. The city boasts an impressive average university score of 70.4/100, as well as a median fixed broadband speed of 193.34 Mbps. Paris is home to 1.1 million businesses, as well as the widest real estate market in Europe, offering a thriving environment for businesses. With approximately 188 available office spaces, Paris boasts a great environment for those looking to start up a business in the French capital.

Madrid, Spain’s capital city, ranks second with an impressive final start-up score of 8.84/10. This city has an average fixed broadband speed of 248.37 Mbps, which is considerably higher than the overall average internet speed in Spain (114.4 Mbps). The Spanish capital also boasts 121 available office spaces across the city, providing ample opportunity for those looking for offices to utilise for their start-up businesses.

Just 0.01 behind Madrid, Spain sees another one of its famous cities in third place, as Barcelona boasts a final start-up score of 8.83/10. The city boasts a slightly higher average university score than Madrid, of 60.4/100. Impressively, Barcelona has built its reputation as a solid start-up location over the last ten years, becoming the largest tech hub in southern Europe.

Talveer Sandhu at The Knowledge Academy provides expert tips on starting up a business, and selecting the right location:

“Starting up your own business is no easy task. As well as having the fundamentals of the business sorted, you also need to consider your surroundings as a key factor in its success. 

“Ultimately, your chosen business location needs to be suited to the needs of the business, but should always consider factors such as office spaces. Having a headquarters or communal work space for your team can be essential in building camaraderie, teamwork, and success. Broadband speed and reliability is another crucial factor in the running of a business, with website and social media monitoring crucial in the initial stages of building a business and brand awareness. Online meetings also require a good internet speed and connection, in order to ensure smooth communications with those perhaps not as local to you. 

“Some tips that can go a long way in creating a start-up business are as follows:

“Having a thorough, solid business plan. There is nothing worse than going into something unprepared, and the preparations for starting a business should be extensively thought out and well-planned, in order to help aim for the greatest outcome possible.

“Network well and collaborate with the right people. Building a successful business is not only down to planning and execution, but also having the right minds, work ethics, and personalities working within the company and contributing to its success. Smooth teamwork can be vital, as well as expertise and dedication, as starting a business requires resilience, time, and effort.”