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England uk is a hub for startups and entrepreneurs the area has a rich history of innovation and technological advancements with companies like arm holdings and raspberry pi being founded in the region the population of the area is over 55 million with a diverse range of cultures and backgrounds the geography of the area is varied with bustling cities like london and manchester as well as rural areas and coastal towns local universities like oxford and cambridge have produced some of the worlds most successful entrepreneurs including richard branson and bill gates the living wage in the area is 950 per hour which is higher than the national average however the unemployment rate in some areas is still high with some cities like liverpool and birmingham struggling to create jobs despite this the city level gdp of london alone is over 500 billion making it one of the most economically powerful cities in the world the rate of new companies starting and ending is high with many startups being founded and some failing to gain traction overall the startup scene in england uk is thriving due to its diverse population strong universities and access to capital however there are still challenges to overcome such as high unemployment rates in some areas and the competitive nature of the market nevertheless the area remains a hotbed of innovation and entrepreneurship attracting talent from around the world