While the UK offers boundless commercial opportunities, it also offers enormous leisure and lifestyle opportunities, making the overall experience of living here rich and rewarding. In this article, we will look at how moving to the UK can improve all aspects of your life as an entrepreneur, including in the areas of education and culture, to elevate your standard of living.
UK lifestyle for entrepreneurs: what to expect when moving to the UK
Overseas entrepreneurs are typically drawn to the UK because of its strong and dynamic economy, strong rule of law, ease of running a business, and the expertise and skills available here. However, the UK offers much more than just business opportunities; it gives international entrepreneurs an enviable lifestyle that blends work, culture, and family life. Whether you want to enjoy the best education available, explore our many museums, art galleries, cities and towns, historical sights, or some of the best retail establishments in the world, the UK really does offer a wonderful lifestyle for non-UK business people looking for a new life.
Key lifestyle benefits for business owners
The UK is known for its rich history, diverse culture, and strong social infrastructure. As a business person coming to live here, you can expect to enjoy a high standard of living, access to world-class healthcare in the form of the National Health Service (NHS), and a wide range of leisure activities.
Whether you enjoy going to the theatre, an opera, a music event, a countryside retreat, or watching sports, there is perhaps nowhere else in the world like Great Britain. In addition, from a work perspective, cities and towns across the UK host many business networking events and conferences, providing business owners with ample opportunities to connect with others in their sector, stay informed about market trends, and explore business partnerships. As such, it is easy to create a lifestyle that brings together both non-work and work activities, making for a richer and more fulfilling lifestyle.
Balancing work and leisure in the UK
Many business people struggle with balancing their work and non-work lives. In the past few decades, and especially since the COVID-19 pandemic, the UK’s approach to work/life balance has changed enormously. It is now not just acceptable but actively encouraged to take the time you need to care for yourself and your family. This is especially important for entrepreneurs, as working hard on a new business venture can lead to burnout and neglecting other aspects of life.
Our relatively short commuting times, coupled with the ready availability of co-working spaces and flexible business operations, allow business people to maintain a much better balance between growing their businesses and enjoying their personal lives. Because many people now work from home, business people can spend more time with their families, pets, and friends and take time for themselves (e.g. by going to the gym).
UK business opportunities for quality of life improvement
If you are contemplating a move to the UK to launch a new business or expand your existing venture, you may be thinking about how the change may affect your partner and children. This is where the UK also has many benefits. The quality of life in the UK for families is exceptional, offering a safe and enriching environment for adults and children.
Family-friendly cities for entrepreneurs
The UK offers many family-friendly locations from which newly arrived international entrepreneurs can base themselves and their families. London, while known for its fast-paced business environment, offers excellent neighbourhoods with top-tier schools, parks, and family-oriented communities. Outside London, there are many family-friendly cities for entrepreneurs and their families, not least Bristol, Manchester, and Edinburgh. These locations are extremely popular with entrepreneurial families, offering a more relaxed pace of life, lower living costs, and excellent local business networking opportunities. Notably, they offer a wonderful combination of a favourable business climate with safe, welcoming communities, making them ideal for raising children.
Healthcare and safety for ex-pat families
Many international entrepreneurs are reassured that by choosing the UK as their next business location, they will have access to excellent healthcare for themselves and their family members. The UK’s National Health Service (NHS) provides free healthcare to residents; however, as an immigrant on a visa, you may have to pay an immigration healthcare surcharge. This is a fee paid by the main applicant and their family members joining them to access the NHS. However, you do not need to pay a healthcare surcharge once you have indefinite leave to remain (i.e., permanent settlement).
When it comes to safety, the UK typically ranks as one of the safest countries in Europe, with low crime rates and strong community support. This is helped by the fact that we have local police forces and neighbourhood schemes that work together to ensure safe living environments for families.
UK education opportunities for children of foreign entrepreneurs
A key concern for many ex-pat entrepreneurs is ensuring their children receive a high-quality education. Fortunately, the UK is home to some of the best schools and universities in the world, making it an ideal location for families prioritising education.
Overview of the UK’s Education System
At its simplest level, the UK’s education offers state and private school options. The state schools are free and located in most towns across the UK. Many state schools perform exceptionally well in terms of academic results. However, it is important to do your homework (if you will forgive the pun) and read OFSTED reviews of the schools you are considering. The UK is home to some of the best private schools in the world, including Harrow, Rugby, Eton, and Shrewsbury. While these are fee-paying educational establishments, they typically provide a more tailored educational experience with smaller class sizes and specialised teaching methods.
Benefits of UK schools for children of ex-pats
Many UK schools provide ex-pat children with the opportunity to enjoy a multicultural learning environment and offer language support for children for whom English is not their first language. This multicultural environment, coupled with the language support available, enables children from other countries to settle and quickly integrate into the system. Many UK schools also place a large emphasis on extracurricular activities, including sports, performing arts and community service. This enables children to develop well-rounded students who are capable of thriving in an increasingly globalised world.
UK Private Schools for Expat Children: A Guide for Business Owners
Securing a place in a top private school for their children is a top priority for many overseas business people.
The best private schools for children of entrepreneurs
The UK boasts some of the world’s most prestigious private schools, including Eton College, Repton School, and Harrow School. They are all well-known for their academic excellence, strong alumni networks, and outstanding extracurricular programmes. It is the combination of offerings that makes private schools in the UK ideal for children of business owners looking to receive a world-class education.
Admission process and tuition considerations
It is important to bear in mind that the admission process for private schools in the UK can be extremely competitive. Many private schools have entrance exams and interviews before offering a place to a child. For this reason, it is advisable to start the application process as soon as possible. Tuition fees vary considerably from school to school but can range from £15,000 to £40,000 per year. With that said, many private schools offer scholarships and bursaries, especially to children with strong academic results or skills in other areas such as music, sports, and drama.
Starting a business in the UK for better education opportunities
One of the most compelling reasons to start a business in the UK is the access it provides to top-tier education for your children. By running a successful business in the UK, you can afford private education and offer your children an educational experience that can open doors to prestigious universities and future career opportunities.
Best places to live in the UK for business owners
It is no exaggeration to say that choosing the right place to live and work in the UK can completely influence the quality of life for you, your partner, and your children. The good news is that the UK has so many choices available. Do you like rivers, lakes, mountains, vibrant cities, rolling countryside, or eclectic towns and villages? The UK has it all. In addition, many towns and cities in the UK combine strong business growth opportunities with an excellent quality of life.
We recommend spending some time in the UK before you choose where to live and run your business.
Top cities for business growth and family life
- London: Often the top choice for business owners due to its global financial status, access to capital, and extensive professional networks.
- Birmingham: Centrally based in the UK and rapidly becoming an excellent place to start a tech business with robust logistics and transport connections
- Glasgow: Combines a rich history of heavy industry with a modern and vibrant place to run an innovative business.
- Leeds, Liverpool and Manchester: Three northern powerhouse cities with growing business ecosystems alongside affordable housing and a strong work-life balance.
- Bristol: Combines a rich history, strong business networks, and a great place to live and work.
Any of these cities is ideal for entrepreneurs seeking to grow their businesses while also ensuring a high quality of life for their families.
Factors to consider when choosing where to live
When selecting where to live in the UK, we recommend considering factors such as proximity to business hubs, the availability of good schools, and local amenities that support family life.
The cost of living is also a crucial factor in the UK. London is typically much more expensive than other cities in the UK, while places such as Liverpool and Birmingham are much more affordable.
Another key factor is the quality of the local transport network. This can vary considerably across the UK. For example, Manchester has a fantastic tram network that joins outlying towns and villages with the city. On the other hand, Birmingham is centrally based and ideal for those who want to travel north and south with ease.
The role of entrepreneurship in enhancing family lifestyle
How establishing a business in the UK leads to a better standard of living
Running a business in the UK, with its favourable tax environment, personal financial protection for limited companies, and strong rule of law, means that you and your family can enjoy an excellent standard of living now and in the future. In addition, our diverse and growing economy allows entrepreneurs to enter industries that align with their goals and contribute to overall life satisfaction.
Key industries that contribute to an improved quality of life
The technology, healthcare, financial services, and creative industries are among the top sectors where entrepreneurs can thrive while enjoying the benefits of a robust economy. These sectors offer the potential for strong financial growth and contribute to a high quality of life through innovation, access to better services, and professional fulfilment.
In summary
Becoming a business owner in the UK offers a wealth of opportunities to enhance your quality of life. From excellent education options to a work-life balance that promotes personal and family well-being, the UK provides an ideal environment for entrepreneurs to thrive. We wish you all the best with your new business venture in the UK and that you enjoy the lifestyle opportunities on offer here.
