The town came ninth in a recent study by Accu Components, a firm specialising in engineering components.
The study aimed to highlight the differences between UK places in terms of their suitability for start-ups.
Luton was in first place, with Brighton and Hove and Ipswich taking the next two spots.
London placed fourth.
Middlesbrough, Belfast, and Barnsley were at the bottom of the list.
Warrington achieved ninth place with a score of 43.90.
The report highlighted that the town has 37 new economy firms and 53.7 start-ups for every 10,000 residents.
Additionally, Warrington is home to 65 high-growth businesses and has an economic inactivity rate of 21.6 per cent.
In terms of specific rankings for various factors, Warrington placed 13th for business start-ups per 10,000 residents, 52nd for business closures per 10,000 residents, sixth for new economy firms per 10,000 residents, sixth for high-growth businesses per 10,000 residents, and ninth for economic inactivity rate.
The study evaluated several factors to determine its rankings.
These factors were indexed from 0 to 100 and weighted according to their significance in fostering a thriving start-up environment.
Warrington’s strong performance in the “new economy firms” and “high-growth businesses” categories reflects its robust entrepreneurial landscape.
The town’s businesses are not just surviving; they are thriving, contributing significantly to the overall economy.
The study’s findings paint a promising picture for budding entrepreneurs in Warrington.
With a rich pool of new economy firms and high-growth businesses, the town presents a fertile ground for new ventures.
The presence of these businesses indicates a supportive ecosystem, where new ideas are welcomed, and growth is encouraged.
This supportive environment is further bolstered by Warrington’s relatively low economic inactivity rate.
A lower economic inactivity rate typically suggests a more engaged workforce, which is crucial for start-ups that often rely on a flexible and dynamic talent pool.
In contrast, the study identified Middlesbrough, Belfast, and Barnsley as the least favourable places for start-ups.
These areas scored lower across the evaluated factors, indicating a more challenging environment for budding entrepreneurs.
Middlesbrough, for instance, ranked at the bottom of the list with a score of 18.10, reflecting a higher economic inactivity rate and fewer high-growth businesses, among other challenges.
The top five UK areas for start-ups, according to the study, were Luton, Brighton and Hove, Ipswich, London, and Cardiff.
These places showcased a thriving start-up ecosystem, with high rates of business start-ups per 10,000 residents and a robust presence of new economy firms.
On the other hand, the study revealed that the worst five UK places for start-ups were Middlesbrough, Belfast, Barnsley, Leicester, and Swansea.
These areas scored lower in key areas such as new economy firms, high-growth businesses, and business start-ups per 10,000 residents.
The study by Accu Components provides valuable insights for potential entrepreneurs in Warrington.