4 Reasons Why Many Startup Companies Are Considering London

Undertaking a business venture can be quite intimidating. Many competitors out there have unique products and services that can potentially pose a threat to your own business. It would feel like it’s you against the world. Of course, it’s no surprise that many startup companies fail even during their first year.

Thank you for reading this post, don't forget to subscribe!

Deciding on where you’ll have your startup company can be a pivotal moment in your career. By deciding on the location, you are fixating on several factors: your audience, the abundance or lack of government support, cost of living, resources available in your direct vicinity, and the list goes on.

Recently, London has made itself a game-changing tech hub in Europe. London is now considered a dynamic economic powerhouse that can sustain thousands of new businesses every year. With the intervention of technology and software development, not only did London become an area for good investment, but it also became a magnet for diverse markets.

As a startup company, you want to set up your business somewhere your risks are protected by accessible benefits. In other words, if you’re jumping off a cliff, at least make sure the landing is sweet.

Below are more reasons why so many startup companies are going to London.

The U.K Government Is Not Stingy

Unlike in other parts of the world, it’s relatively easier to get financial assistance from the U.K government. Especially if you’re a start-up company. Since the U.K. is one of the luminaries in technology, investors are everywhere, and all of them are in the pursuit of the next big thing.

Startup companies in London are fortunate because not only will they receive money to propel their business goals, but they also have better chances of scoring other partners and investors.

London is a Global City: Perfect for Startup Companies

The amount of culture that exists in London is outstanding. People from all walks of life and different corners of the world have found their homes in London. Economically, since many ethnicities are there, the workforce is both diverse and strong. People there can speak all kinds of languages ranging from Spanish and French to Tagalog and Bahasa.

Having Good Foundations Usually Precedes Good Businesses

London did not become a tech hub and an economic powerhouse by sitting idly. Absolutely not. With six international airports, ten major ground transport hubs, and an intricate and progressive underground railway system, running a business has never been smoother.

It also helps that London is sitting adjacent to mainland Europe and between America and Asia. With these stable foundations in place, what can London not do?

Tech Success in the U.K Is Not Just a Rumor

In recent years, the U.K. has done everything to remove any hindrances to innovation or prospects for business expansion. London, of course, is no exception. Startup companies are encouraged to pursue their business agendas, and they can expect the lowest corporation tax and a wide range of free services from the Department for International Trade.

As if that’s not enough to make London a globally competitive giant, the U.K. also recently offered start-up visas, making the city more attractive for prospective startup companies.

If It’s Software Development You Need, Visibly One Will Make You Visible and Stand Out

Yes, London offers great benefits to anyone who aspires to be on top. It’s even dubbed the ‘digital capital of Europe’. However, the benefits pose a problem as well. Since almost everyone has access to this, it means more competition, and a more difficult time setting yourself apart from other IT companies who may have similar business goals.

You need someone adept at utilizing all sorts of technology, such as React Native, Flutter, Xamarin, and Native Script. They must also gain the trust and confidence of different communities everywhere so you can be assured that you’ll get the best possible product and enrich your company’s performance.

Look no further, Visibly One checks all those boxes. We are strategy, design, and software development experts who can help you launch your product with exceptional outturns.

Why Many Startup Companies Are Considering London

Leave a Comment