Put yourself in good company...
Our central location and strong connectivity have already made the City of Wolverhampton an attractive proposition to global players like UTC Aerospace Systems, Moog, Jaguar Land Rover, Marston’s and Wiggle.
As well as our traditional strengths in engineering, high-end manufacturing, construction, distribution and food and drink, we’re diversifying into software development, environmental management, digital and creative services and business support services.
The City of Wolverhampton’s entrepreneurial spirit also means that we have a buoyant small to medium enterprise sector, with 84% of local businesses being privately owned. Start-up business survival rates are also higher in Wolverhampton than the national average* and Wolverhampton was recently declared as the fourth best UK city in which to start a business. The city's selection of prime office space, below-average office fees and affordable cost of living all helped it outshine locations including London and Edinburgh according to researchers at Quality Formations, a firm specialising in forming new companies.
It’s worth remembering, too, that the University of Wolverhampton is one of the most entrepreneurial in Britain and a national leader in knowledge-transfer programmes. In recent years, it’s supported businesses with consultancy, research and development facilities, skills development and knowledge transfer activities worth £25.6 million.
With this as the backdrop, it’s hardly surprising that the City of Wolverhampton’s economy is projected to grow up to 3% faster than the national average over the next decade.
*94.8% of the city’s businesses that started up 12 months previously survived the first year of business. This figure is higher than the national average (93.5%), the Black Country (94.4%) and the West Midlands (94.2%). 2014.