Business Boost Business-agenda
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I do not believe we could have attracted the talent, expertise or Government support that we have, had we been located elsewhere in the country.” Number of people employed by HGSBs by region, 2014 187,000 Julien Hammerson CEO of Calastone, HGSB based in London 95,000 57,000 56,000 49,000 46,000 46,000 41,000 40,000 21,000 London South East North West East West Yorks Midlands Humbs South West Scotland East Midlands North East 16,000 13,000 Wales Northern Ireland 11 Octopus High Growth Small Business Report 2015 “This report from Octopus is a welcome contribution to gathering evidence on the ideal conditions for growth and shows you don’t have to be in London to grow ” Emma Jones Founder of Enterprise Nation …but more than two thirds of HGSB turnover comes from other regions HGSBs in London add the most to UK economic output… The financial turnover of HGSBs helps drive the UK’s economic output, measured as GVA.. Its key strengths are a great university – many students arrive but never leave – and its history and heritage.” Andrew Wass CEO of Gear4music, HGSB based in York The main deciding factors that determine where HGSBs are located General quality of business environment 65 Quality of business environment for your industry 61 Local infrastructure 59 Founder’s lifestyle choice 55 Access to talent Founder’s family connections 52 45 NOTE: ICM SURVEY OF 500 HGSBS WHO WERE ASKED ‘WHAT ARE THE MAIN DECIDING FACTORS DETERMINING WHERE YOUR BUSINESS IS LOCATED ’ 12 ANSWERED ‘DON’T KNOW’ 13 Octopus High Growth Small Business Report 2015 The high growth effect: how HGSBs can drive regional growth HGSBs create growth wherever they’re found, but the impact is strongest in exactly the places that most need a boost.. As a nation we should turn our attention to creating a data-driven platform that boosts the ability of local ecosystems, so they can lead the way in creating the right environment for these businesses to scale-up in every corner of the country from Aberdeen to So
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