It can be tempting to set up shop in London – and why not – millions of businesses have already done it! However, any business having already set up shop and having traded in the capital for some time will tell you that trading in the heart of the city – even on the outskirts – comes with more than a few hefty costs. Regardless of whether you’re operating off of Canary Wharf, Leicester Square or even elsewhere in Greater London, the allure of London trading may well outweigh the practicalities – especially when it comes to mounting costs. That being said – why are so many southern and London-based firms looking to make moves up north – and what, all of a sudden, has made professional relocation to areas such as Sheffield so lucrative?
It is, of course, down to money. Recent reports have no doubt helped to solidify perceptions that the cost of living north of the border is considerably cheaper – but that wages are lower – and this, of course, is largely the case. Buying a premises in Sheffield, for example, often comes at a fraction of the cost of doing so in London – this is largely because, on the whole, London is still seen as the financial and business metropolis of the nation. This may well be the case – but with entrepreneurships and start-ups popping up all over the country, the north suddenly seems a lot more appealing for both small businesses and those who have been trading down south for considerable years.
So – here’s the question – why relocate up north? What’s in it for you? For one, the cost of living is far, far cheaper. You’ll lose nothing when it comes to transport links, as Sheffield is inarguably one of the best-connected cities in Yorkshire combined – and you’ll likely pocket a little money in the savings you’ll make by shifting premises from the capital up to the Steel City. Here at Steel City Relocation, we already know the area like the backs of our hands – as a university city twice over, we know that this is a bustling area with huge growth potential for businesses in the right sectors and industries. It just makes financial sense to want to up sticks at this point.
If you need to hire staff, too, as mentioned, the rate of pay for employees and professionals in the north can be considered much lower than down in the city. This, again, is as a result of cost of living. While there are freelancers and entrepreneurs based everywhere who may be now charging more universal rates, there is more chance of you saving money on employee hire and support by moving to somewhere like Sheffield than sticking around in London.
Take it from us as Sheffield experts – the city still has many, many places left to go – and we love this city like no other. Let us help to look at any relocation thoughts and plans you may have in the offing – and let us take the reins on some of the heavier burden to help you make that move your own. In the meantime, why not check out our range of services here at Steel City Relocation. If you would like to get in touch, you can call us today on 0114 3485537, or send us an email for more information.