Wakefield a historic city located in west yorkshire england is home to a diverse and growing startup scene the city has a rich history of entrepreneurship dating back to the 18th century when wakefield became a major trading hub for textiles and wool today wakefields population stands at approximately 109000 people and the city has become a hub for technological innovation the city boasts a number of innovative startups in various industries including fintech ecommerce and digital marketing one of the key factors driving wakefields startup scene is its proximity to several major universities including the university of leeds and the university of sheffield these institutions are producing toptier graduates with skills and knowledge that are highly sought after in the startup world the living wage in wakefield is around 950 per hour which is slightly below the national average the unemployment rate in the city is relatively low standing at around 5 despite these positive indicators wakefields startup scene has faced some challenges in recent years the rate of new companies starting and ending in the area has been relatively flat and there is concern that the city is not doing enough to attract and retain top talent however there are signs that the city is taking steps to address these issues local government and business leaders are working to improve the citys infrastructure and create more opportunities for entrepreneurs in addition there are a number of coworking spaces and startup accelerators in wakefield providing valuable resources and support for startups overall wakefields startup scene is still in the early stages of development but with the right support and resources it has the potential to become a major player in the uk startup ecosystem
PrizesHuge thanks toHubSpot for sponsoring this Award!