This ranking is based on a comprehensive analysis of various factors, including the number of new businesses registered, the average turnover of existing businesses, and the overall economic activity in the town. Ipswich’s success is attributed to a number of factors, including its thriving cultural scene, its vibrant retail sector, and its strong local community. The town boasts a rich history and heritage, attracting tourists and visitors from across the country.

The number of small and medium-sized businesses (SMBs) in Suffolk has been steadily increasing over the past few years. This growth is attributed to several factors, including a favorable economic climate, government support programs, and the region’s strong entrepreneurial spirit. The graph below shows the percentage growth of the number of small and medium businesses around Suffolk year on year.

Councillor Cathy Frost represents Holywells. She is also the owner of Loveone, a gift and homeware retail business in St Peter’s Street. She said that Ipswich placing so high on this list was very encouraging. In the future, she would like to see a wider selection in the types of businesses opening in Ipswich. “We have pockets of really cool independent businesses in Ipswich, and some great finds in the small businesses popping up,” she said. “In terms of the main high street, one criticism I hear a lot is that there is not a lot of variety.” For example, concerns were raised earlier this week that there are too many phone and vape shops in Ipswich.

This statement by Ms Frost highlights the importance of diversity in a healthy high street. She emphasizes that market forces, while driving occupancy, can sometimes lead to a lack of variety. To address this, she advocates for a more balanced and diverse range of shops that cater to a wider range of customers.

“Being ranked 7th out of 342 places is a testament to the hard work of our local entrepreneurs and the supportive business environment we strive to foster. “The council remains committed to providing ongoing support to help local businesses thrive, innovate, and grow further in the future.” He added that the council has been proud to support new and new and aspiring business owners through the UKSPF-funded Start, Build & Grow programme, which has now concluded. Led by Innovation Labs, this initiative provided tailored, expert guidance to help businesses at every stage – from start-up to expansion. In partnership with Business Growth Coaches Network, AMS Business Consultants, and the University of Suffolk, the programme offered free resources, including workshops, individual coaching, and peer group support. This comprehensive support ensured local entrepreneurs had everything they needed to succeed from concept to growth.

Lee Walker, chief executive at Ipswich Central. (Image: Ipswich Central) Lee Walker, chief executive at Ipswich Central, said: “Ipswich has a very strong independent business offering, which is brilliant for the town. That we now appear in the top 10 towns and cities is fantastic.”