In London, founders of startups generally find it easier to access financial and operational support, from funders, accelerators and Government-sponsored vehicles such as TechCity. However, the costs of growing a startup in London are forcing many startups to look outside the city as increasing office and accommodation costs, plus the higher salaries of additional staff, are making it difficult for them to expand. 66% of London startups consider relocation within twelve months of starting up.
One key reason for looking at moving is the price of personal accommodation. Compare these two canalside properties in London and Leeds, and you can see why moving to Leeds is a great choice financially.
But bringing your startup to Leeds isn't just about the money, it's also about the established tech and digital networks we already have here.