London named one of the best cities for entrepreneurial millennials

Student accommodation aggregator website Nestpick has named London as one of the best cities for entrepreneurial millennials, with the city earning a place in the top ten.

More than 100 cities were included in the research, which was conducted as part of Nestpick’s larger Millennial City Ranking.

Business ecosystem

Nestpick looked at a number of key factors to rank the cities, including start-up ecosystem and employment.London was the only European city to make the company’s top ten cities for business ecosystem list, with the city earning eighth place.

Nestpick looked at the cities that are attracting millennials and revealed the top 20 best millennial cities as part of its larger study, giving each city a score out of ten based on factors such as business ecosystem and openness.

London was ranked highly on this list for its business ecosystem, openness and recreation, with the city receiving a score of 8.1, 8.7 and 7.2 respectively. This gave the city a total score of 6.71, earning it third place on the list.

Manchester and Bristol were the only other UK cities to make the list, coming in 10th and 12th place respectively.

Valuable insights

Commenting on the rankings, Nestpick’s Managing Director Ömer Kücükdere said: “We must learn to adapt to the needs of younger people in order to have a thriving economy, and we believe that this ranking offers valuable insights to those cities looking for regeneration from a younger demographic.”