Trending Worcester, England, UK Startups

Worcester england uk is a city with a rich history of entrepreneurship the city is located in the west midlands region of england and has a population of approximately 100000 people the area has a diverse economy with a mix of traditional industries such as manufacturing and agriculture as well as newer industries such as technology and healthcare worcester has a long history of entrepreneurs dating back to the 18th century when the city was a center for the cloth trade in the 19th century worcester became known for its porcelain industry which was dominated by entrepreneurs such as dr john wall and robert chamberlain today worcester is home to a number of innovative companies including technology startups like onside sports and healthcare companies like sanctuary care the city is also home to a number of established companies including worcester bosch a leading manufacturer of heating and hot water systems worcester is home to several universities including the university of worcester and worcester polytechnic institute these institutions have played a key role in fostering innovation and entrepreneurship in the area the living wage in worcester is 950 per hour which is slightly higher than the national living wage of 891 per hour the unemployment rate in the city is currently 45 which is slightly lower than the national average the citys gdp is estimated to be around 45 billion with a growth rate of around 2 per year the rate of new companies starting in worcester is relatively high with around 1000 new businesses registered in the city each year however the rate of businesses closing down is also relatively high with around 800 businesses closing each year overall the startup scene in worcester is thriving thanks to a combination of factors such as a strong history of entrepreneurship a diverse economy and a supportive ecosystem for innovation and entrepreneurship however the high rate of business closures is a concern and more needs to be done to support startups and help them succeed in the long term