To find out more, we dived into more granular data around start-up activity within various London postcodes to discover which areas are bursting at the seams with an\u00a0entrepreneurial spirit.<\/p>\n
Read:<\/strong> <\/span>See which cities rank highest in London\u2019s Most Entrepreneurial City 2017<\/a><\/p>\n By analysing a years’ worth of Companies House data and comparing the population ratio of each London postcode against the number of new businesses launched there between 2016 and 2017, we set out to discover which ones show the most growth and ranked them using our \u2018Entrepreneurial Index\u2019.<\/p>\n Please note:<\/strong><\/span> EC and WC postcodes include primary commercial \/ non-residential areas which account\u00a0for higher ratios in rankings.<\/p>\n (Click to enlarge)<\/em><\/p>\n UK\u2019s entrepreneurial economy eco-system is regularly hailed as one of the best in Europe for start-ups. This is reflected in the demand for space in the city, with the\u00a0demand for flexible office space growing by 16%<\/a> in the last year alone.<\/p>\n W1 Leads the\u00a0Way<\/strong><\/span><\/p>\n Ranking 1st with an Entrepreneurial Index of 35%, the West End\u2019s high population to start-up ratio in 2017 saw an impressive 11,102 businesses being launched within the postcode between 2016 and 2017.<\/p>\n Boasting some of the most prized addresses in the UK and home to notable brands in the fashion, creative, legal and financial sectors, vibrant West End is one of London\u2019s most consistent key office markets for business activity and has seen double-digit<\/a> increases in occupier enquiries for space.<\/p>\n Growth in what might be considered \u2018secondary locations\u2019 in the fringe and outer fringe of London are being driven by start-ups seeking more competitive workstation rates in a fast-growing market. As a result, demand for office space in exclusive Mayfair, Soho, Bayswater and Hyde Park continues to rise, and in 2016, workstation costs had risen by twice the rate of inflation<\/a>.<\/p>\n \u201cFrom Notting Hill and Paddington to Hyde Park and Soho, London\u2019s W1 postcode district boasts some of the most desirable addresses for business in the capital and demand is high despite rising desk costs in certain areas. We\u2019ve also seen a huge spike in demand in outer west London and overall occupier interest for office space within this area is consistently high.\u00a0<\/em>A large proportion of this demand is coming from 1 to 2 desk requirements, i.e. those nascent companies who need a space at the start of their journey. They want to be close to the action and be able to take meetings in one of the wealthiest parts of the capital.\u201d\u00a0–\u00a0John Williams, Head of Marketing at Instant Offices<\/strong><\/em><\/p>\n Click to see:<\/strong> <\/span>average price of desk space in London\u2019s West End<\/a><\/p>\n West &\u00a0North London: Most Entrepreneurial Overall<\/strong><\/span><\/p>\n With almost 50 000 businesses launched across West and North London combined in the last year (19, 894 and 30, 004 respectively), these two postcode regions take the top spot when it comes to entrepreneurship.<\/p>\n North London\u2019s large number of micro-businesses and early-stage entrepreneurs make it a hot spot for business-owners looking for more affordable space. With its efficient transport system and proximity to the capital, West London offers new businesses a home alongside industry titans with access to wide talent pools and an impressive number of local amenities.<\/p>\n In 2016, news reports<\/a> cited Hackney and Camden as two of the most popular areas for start-ups in London, with rising costs of rent in the capital encouraging entrepreneurs to join these rapidly growing hubs.<\/p>\n \u201cWe saw enquiries for flexible office space increase by 8% in North London last year and, as a result, workstation rates increased by more than 20% due to high demand. Development in the area is a major contributor to certain boroughs in N1 emerging as highly sought-after business centres, attracting fast-growing start-ups and some large multi-national brands.\u201d<\/em> \u2013 John Williams<\/strong><\/p>\n We Operate in Some of the World’s Top Cities:<\/span><\/p>\n London<\/a>, New York<\/a>, San Francisco<\/a>, Paris<\/a>, Singapore<\/a>, Hong Kong<\/a>, The capital has slipped down our rankings as one of the UK\u2019s most entrepreneurial cities, but there are still areas which are full of innovators. So, which postcode is the most entrepreneurial in the richest city in the world? Earlier this year, we published a report on the Most Entrepreneurial City in the UK with Brighton, Manchester and Nottingham taking the lead for 2017. With proportionately slower growth than other UK cities, London\u2019s population to start-up ratio saw it rank just 12th on our Index. However, there has been a\u00a0growth of key markets in the outer fringes of London and many parts of the capital are still consistently in demand by entrepreneurs. To find out more, we dived into more granular data around start-up activity within various London postcodes to discover which areas are bursting at the seams with an\u00a0entrepreneurial spirit. Read: See which cities rank highest in London\u2019s Most Entrepreneurial City 2017 By analysing a years’ worth of Companies House data and comparing the population ratio of each London postcode against the number of new businesses launched there between 2016 and 2017, we set out to discover which ones show the most growth and ranked them using our \u2018Entrepreneurial Index\u2019. Please note: EC and WC postcodes include primary commercial \/ non-residential areas which account\u00a0for higher ratios in rankings. London\u2019s Most Entrepreneurial Postcodes 2017 (Click to enlarge) London\u2019s Start-Up Scene UK\u2019s entrepreneurial economy eco-system is regularly hailed as one of the best in Europe for start-ups. This is reflected in the demand for space in the city, with the\u00a0demand for flexible office space growing by 16% in the last year alone. W1 Leads the\u00a0Way Ranking 1st with an Entrepreneurial Index of 35%, the West End\u2019s high population to start-up ratio in 2017 saw an impressive 11,102 businesses being launched within the postcode between 2016 and 2017. Boasting some of the most prized addresses in the UK and home to notable brands in the fashion, creative, legal and financial sectors, vibrant West End is one of London\u2019s most consistent key office markets for business activity and has seen double-digit increases in occupier enquiries for space. Growth in what might be considered \u2018secondary locations\u2019 in the fringe and outer fringe of London are being driven by start-ups seeking more competitive workstation rates in a fast-growing market. As a result, demand for office space in exclusive Mayfair, Soho, Bayswater and Hyde Park continues to rise, and in 2016, workstation costs had risen by twice the rate of inflation. \u201cFrom Notting Hill and Paddington to Hyde Park and Soho, London\u2019s W1 postcode district boasts some of the most desirable addresses for business in the capital and demand is high despite rising desk costs in certain areas. We\u2019ve also seen a huge spike in demand in outer west London and overall occupier interest for office space within this area is consistently high.\u00a0A large proportion of this demand is coming from 1 to 2 desk requirements, i.e. those nascent companies who need a space at the start of their journey. They want to be close to the action and be able to take meetings in one of the wealthiest parts of the capital.\u201d\u00a0–\u00a0John Williams, Head of Marketing at Instant Offices Click to see: average price of desk space in London\u2019s West End West &\u00a0North London: Most Entrepreneurial Overall With almost 50 000 businesses launched across West and North London combined in the last year (19, 894 and 30, 004 respectively), these two postcode regions take the top spot when it comes to entrepreneurship. North London\u2019s large number of micro-businesses and early-stage entrepreneurs make it a hot spot for business-owners looking for more affordable space. With its efficient transport system and proximity to the capital, West London offers new businesses a home alongside industry titans with access to wide talent pools and an impressive number of local amenities. In 2016, news reports cited Hackney and Camden as two of the most popular areas for start-ups in London, with rising costs of rent in the capital encouraging entrepreneurs to join these rapidly growing hubs. \u201cWe saw enquiries for flexible office space increase by 8% in North London last year and, as a result, workstation rates increased by more than 20% due to high demand. Development in the area is a major contributor to certain boroughs in N1 emerging as highly sought-after business centres, attracting fast-growing start-ups and some large multi-national brands.\u201d \u2013 John Williams Looking for Office Space? We Operate in Some of the World’s Top Cities: London, New York, San Francisco, Paris, Singapore, Hong Kong, Search more locations<\/p>\n","protected":false},"author":1,"featured_media":11548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[214,76],"tags":[85,77,74,417],"class_list":["post-11537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-instant-offices-news","tag-city-of-london","tag-instant-news","tag-london","tag-most-entrepreneurial-postcodes-2017"],"yoast_head":"\nLondon\u2019s Most Entrepreneurial Postcodes 2017<\/strong><\/span><\/h2>\n
![\"Most](\"http:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2017\/11\/Most-Entrepreneurial-Postcodes-2017-Instant-Offices-1.jpg\")
<\/a><\/p>\nLondon\u2019s Start-Up Scene<\/span><\/strong><\/h2>\n
Looking for Office Space?<\/strong><\/h2>\n
\nSearch more locations<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"