How many businesses are there in Leeds?
There are over 32,000 VAT-registered businesses in Leeds, with a mixture of large, small, and medium-sized enterprises based in the city. Leeds is also home to a number of NHS offices, including NHS England, and houses more than thirty national and international banks, creating employment for over 13,000 people.
Thanks to the strength of its business scene, Leeds generates 5 per cent of England’s total economic output of £60.5 billion and has an economy that’s larger than nine European countries. A number of big names in business have a headquarters based in this city, including Asda Walmart, GHD, Jet2.com, and more.
More high-profile businesses are turning their attention towards Leeds and launching offices in the area. Channel 4, for instance, recently announced plans to make Leeds the location of their second headquarters, alongside their London based HQ.
Channel 4’s new plans are a prime example of how more businesses are choosing to look away from London and head up North. UKTV is another example of a company who have opened up offices in Leeds, with 11 popular broadcasting brands such as Gold, Dave, and Alibi.
With such a high student population, businesses in Leeds have access to the freshest pool of talent. This, combined with the strength of the Leeds economy and the rich culture of the city, is a major selling point that’s attracting new businesses to the city, along with inspiring the launch of new start-up’s.
Leeds has a thriving start-up scene, with a total of around 380 start-up businesses having launched in the city. Like in many other UK cities, co-working has become a major trend, and Leeds doesn’t fall short of a good choice of co-working spaces for start-up’s or freelancers to consider.
Due to the buzzing business scene, Leeds has seen a staggering increase in employment with 6.1% growth in private sector jobs recorded from 2014 to 2015. An additional 25,000 jobs are forecasted to be created over the next decade, strengthening this Yorkshire city even further.