Are you an aspiring entrepreneur looking for the perfect location in the UK in which to invest or start a new venture? Look no further than Shropshire!
Shropshire has a strong small-business community, a robust local economy, a skilled workforce, great transport links, and a wealth of business support. That means the county is ideal for ambitious small businesses and start-ups seeking growth opportunities and long-term stability.
In this blog post, we’ll look deeper into why Shropshire is perfect for your new venture and how small to medium-sized businesses here are thriving.
At Spotlight Accounting, we are proud members of the Shropshire business community, with offices in Shifnal. We are dedicated to supporting SMEs in the area to manage their finances and reach their full potential. For a quote on our services, please get in touch.
The Shropshire business community welcomes you
Spotlight Accounting can attest to the fact that business is booming in Shropshire! We’re proud to support many ambitious and forward-thinking businesses throughout the county. As accountants, we see evidence of growth and success every day, and we are keen to spread the word about how companies here are thriving.
Shropshire is home to a diverse range of industries, the local economy is strong, there’s a lot of talent, and it’s just an all-around great place to live. So whether you are a start-up, growing business or well-established limited company, welcome to this dynamic and friendly business community!
6 reasons to start a business in Shropshire
The hardworking people and entrepreneurial spirit here in Shropshire have created a supportive and vibrant environment which nurtures growth and success.
So let’s dive in – here are Spotlight Accounting’s 6 reasons to start a company in Shropshire.
#1 Strong local business economy
The region has a diverse range of industries that contribute to its economic success, including manufacturing, agriculture, professional services, retail, health care and construction. In more recent years, the digital and creative sector has seen significant growth, providing over 500,000 new jobs.
The great news for entrepreneurs is that Shropshire’s economy is mainly driven by small businesses with high levels of self-employment. At the end of 2020, there were almost 16,000 enterprises registered in the area, 99% of which were classed as micro, small and medium-sized. The survival rate for start-ups and new SMEs is excellent and above the national average.
In addition, Shropshire is generally an affluent place with low unemployment and economic activity above the national average, making for a strong consumer base.
#2 Skilled workforce
Shropshire is known for its abundance of manufacturing and engineering skills, with a pool of highly skilled individuals in the area. It’s home to many excellent educational facilities and in close proximity to major universities, producing a steady stream of academic achievers primed to contribute to the local business community.
The Shropshire population is highly educated, with over 35% holding NVQ Level 4 or higher. So if you’re starting a new company here, you have access to many qualified employees that are bursting with potential.
#3 Supportive business community
Shropshire offers a supportive environment for start-ups and established local companies. There are numerous business support organisations, such as an active chamber of commerce which provides networking opportunities, knowledge and expertise to local businesses and community organisations. They have two offices in Stafford Park, Telford and Battlefield Enterprise Park, Shrewsbury.
The Shropshire business community enjoys the support of the forward-thinking local authority. Formerly known as Shropshire Business Board, The Shropshire Economic Partnership (SEP) first met in April 2023. Its role is to define and implement Shropshire’s economic growth strategy, support new businesses and promote investment in the county.
Its central aim is described as follows:
“Working together with our business communities and stakeholders, and by utilising our unique environment and high-quality assets, we will co-create a connected, competitive, sustainable and inclusive economy: one that is nationally recognised where businesses and residents are thriving, healthy and resilient.”
#4 Excellent transport links
Ease of transport is crucial to businesses that rely on the movement of goods or nationwide and international sales. The good news is that Shropshire benefits from excellent transport links, with the M54, M6 and numerous arterial routes making it easy to connect with clients, customers, suppliers, and business partners in the Midlands and beyond.
Additionally, Shropshire has reliable rail links with direct services to London and is in close proximity to Wolverhampton, Dudley and Birmingham.
#5 Well connected
Providing fast and reliable broadband is one of Shropshire Council’s strategic priorities. In May 2023, it was announced that 12,000 properties in the county will soon benefit from high-speed full-fibre broadband, following a £24 million contract being awarded to Freedom Fibre as part of the government’s Project Gigabit. Work will begin in early 2024.
#6 A great place to live
We couldn’t conclude this list without trumpeting our home county of Shropshire as a brilliant place to live as well as work.
Nestled amidst stunning natural beauty, Shropshire offers its residents a wonderful quality of life that is hard to beat. From picturesque countryside to charming market towns, it has a unique character that will capture your heart.
The tranquil surroundings provide a perfect escape from city life while still offering excellent amenities and opportunities. With a vibrant arts and culture scene, exciting local events, and a strong sense of community, Shropshire provides a warm and welcoming environment adored by its residents.
With great transport connections, fantastic work-life balance, local business support and a thriving small business economy, Shropshire is truly a place where you can achieve your business ambitions while enjoying a fulfilling lifestyle.
Looking for small business accounting services in Shropshire? Contact Spotlight Accounting
If you are new to the business community in Shropshire, Spotlight Accounting is delighted to welcome you. Our friendly team of accountants is here to support you with expert advice and guidance throughout your business journey.
We offer a comprehensive range of affordable accounting services to local businesses to help them meet their business goals. From bookkeeping to business planning and all things in between, we can free up your time and help your business to reach its full potential.
Contact the Spotlight Accounting team today to take the first step towards your business success in Shropshire.
In summary
Shropshire is a fantastic place to invest or start a business, thanks to its robust economy, skilled workforce, supportive environment, great connectivity and excellent transport links. The region offers a wealth of opportunities for business owners, whether you’re an aspiring start-up or an established company seeking growth opportunities. It’s also a terrific place to live, with an enviable mix of city and rural living.
