Newport wales uk is a city with a rich history of entrepreneurship the city is located in the southeast of wales with a population of around 150000 people the area has seen a number of technological innovations over the years including the development of the first electric telegraph in the 19th century there are a number of companies founded and headquartered in newport including the multinational engineering firm renishaw the city is also home to a number of local universities including the university of south wales and newport university the living wage in newport is currently set at 950 per hour which is slightly lower than the uk national living wage of 975 per hour the unemployment rate in the city is currently around 5 which is slightly higher than the uk average despite these challenges the startup scene in newport is thriving the city has seen a number of new companies starting up in recent years particularly in the tech and creative industries this is due in part to the citys relatively low cost of living and its proximity to other major cities in the uk overall newport is a city with a rich history of entrepreneurship and a thriving startup scene while there are certainly challenges to be faced the citys innovative spirit and supportive community make it an exciting place to be for anyone looking to start a new business