Derby top for millennials to start a business

Derby came second in the rankings for best city in the UK to start a new business if you’re a millennial, according to new research from online business print providers, instantprint.

The new ranking analysed the cost of living in the 20 biggest UK cities, along with average age, number of start-ups per 1,000 people, office prices, train reliability, recycling rates, superfast broadband availability, and the average price of a cup of coffee to produce the top ten.

All factors were selected based on research into what is important to the millennial generation and what challenges they may face in starting a business.

James Kinsella, chief executive and co-founder of instantprint, said: “As a millennial start-up company ourselves, we understand how daunting deciding where to set up your business can be – especially if you haven’t had much time in the workplace to build up capital resources and a great network of potential contacts."