Milton Keynes has a comical reputation, being renowned for its roundabouts and concrete cows!  But dig beneath the surface and you realise this new city is a hidden gem, bursting with opportunities for entrepreneurs wanting to start a business.

I should know, We Balance Bookkeeping is based here in Milton Keynes.

I have the privilege of working with some truly inspirational local companies and individuals, delivering accounting, bookkeeping and tax support and helping their businesses to grow. 

Here’s my take on why Milton Keynes is a great city for budding entrepreneurs to start a business. 

Milton Keynes’ Strategic Location Helps Businesses to Thrive

Ideally placed between London, Birmingham, Oxford and Cambridge, this perfect positioning makes it an ideal hub for business activities. 

Situated just 50 miles north of London, it benefits from proximity to the UK’s capital without the high living and operating costs associated with the city.

Additionally, it’s well-connected by road and rail, with direct trains to London Euston, Birmingham, and other major cities, alongside regular bus services to Oxford and Cambridge. This accessibility makes it easy to reach clients, suppliers, and potential customers.

Phenomenal Economic Growth that looks set to Continue in Milton Keynes

A hub of innovation and support, a recent Centre of Cities report placed Milton Keynes the second city in the country for the number of new start-ups. 

We have a whopping 683 active businesses per 10,000 population.

And what’s more these businesses tend to thrive as Milton Keynes has been rewriting the playbook on economic growth with a recent Whitecap Consulting report https://www.whitecapconsulting.co.uk/publication/milton-keynes-tech-ecosystem-analysis/ confirming that Milton Keynes has a resilient and productive economy with a GVA (Gross Value Added) of approximately £14.7 billion for 2022.

The city has attracted a wide range of industries, including finance, technology, logistics and manufacturing.

Its thriving business environment is supported by various business parks, industrial estates, and innovation centres, providing ample opportunities for start-ups and established businesses alike to flourish.

A Highly Skilled and Educated Workforce helps Milton Keynes Flourish

A key factor in the success of any business is access to a skilled and motivated workforce. 

Milton Keynes benefits from a highly educated and diverse population, with many residents holding degrees and professional qualifications.

The town is also close to several universities and colleges, ensuring a continuous influx of fresh talent and opportunities for collaboration with academia.

With easy transport links to London, Birmingham, Cambridge and Oxford the talent pool extends far beyond the city limits.

Exceptional New Business Support in Milton Keynes

Starting a business can be challenging, but Milton Keynes offers a supportive ecosystem for entrepreneurs.

There are various business support organisations, networking groups, and co-working spaces that provide invaluable resources, mentorship, and opportunities for collaboration like Natwest’s Entrepreneur Accelerator program, Made in MK and FSB.

These resources can help start-ups navigate the initial hurdles and accelerate their growth.

Milton Keynes is a Fantastic Place to Live as well as Work

A successful business isn’t just about profits; it’s also about the quality of life for you and your employees.

Milton Keynes boasts a high quality of life, with numerous parks, green spaces, and cultural amenities.  

It consistently ranks as one of the best places to live in the UK, offering a fantastic work-life balance that can contribute to the well-being and productivity of you and your team. 

And those 130 roundabouts I mentioned, they help make commuting a breeze!

Lower Overhead Costs in Milton Keynes

Compared to major cities like London, Milton Keynes offers businesses lower operating costs, including affordable office spaces and competitive commercial property rental rates.

This cost advantage allows businesses to allocate more resources to innovation, marketing, and expansion.

So if you are an entrepreneur looking for the perfect place to start a business, the new City of Milton Keynes is well worth a closer look.

It offers a winning combination of opportunities and high quality of life.

We Balance Bookkeeping – Supporting Business’s in Milton Keynes

Here at We Balance Bookkeeping I love working with local businesses and helping them understand the financial side of their business so that they can grow.  I count many sole traders, landlords and limited companies as happy clients.

If you are looking to start a business in Milton Keynes and would like to work with a modern accounting practice that offers a personal service.

Who will support you and your business with hands on advice and support, along with all the usual accounting services, like bookkeeping, limited company accounts, VAT, tax and payroll.

Then please get in touch, I’d love to hear from you.