.co.uk or .com for a UK geo location domain?
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Let's say you were in the market to buy a domain for a large city in the UK. Manchester for example. Would you prefer to own the .co.uk or the .com version?
Do .co.uk have higher CTR/ranking factors over .com for GEO location based websites in the UK?
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Yes - the .co.uk is a stronger local signal than a .com
There are other factors that matter as well including you hosting IP and you Search Console settings (International Targeting)
I would also take into consideration any future growth plans for other countries? If that is the case, then maybe a .com would be a better option.
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I would generally recommend buying the .co.uk if your business is targeting a UK customer base whereas if you are intending to trade overseas and don't want to be considered as primarily a UK company I would suggest that you pick .com.