By Max Clarke
More than a third of UK small business owners would consider moving their company in order to reduce costs, according to a new study by Make It Cheaper and the Centre for Economic and Business Research (Cebr).
With this in mind, Make It Cheaper has teamed up with the Cebr to map the cost burden on small firms, identifying the most and least expensive regions to do business and tracking business start up rates throughout the country.
The findings, based on the SME Business Cost Index, reveal that the UK’s entrepreneurial hotspots do not necessarily correspond with regions of lowest cost, and show the national business birth rate in decline over recent years.
“Small business owners have fought tooth and nail through recession — cutting costs where they can and even raiding personal finances — to try to stay afloat,” comments Jonathan Elliott, Managing Director of Make It Cheaper.
“It is a sign of the significant costs pressures businesses are under that relocation is on the table for many.”
The study is based on independent research among owners and managing directors of 750 UK small businesses commissioned by business saving advisor Make It Cheaper, supported by macroeconomic modelling by Cebr.
Join us on