More start-up businesses in Scotland, figures show

Friday 9 November 2012

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The number of businesses in Scotland has risen to its highest level since the millennium, when data collection began, it has been revealed.

Latest Scottish Government figures reveal there are 341,360 businesses in Scotland, an increase of ten per cent on this time last year.

Much of this increase can be attributed to a significant rise in the number of micro-businesses set up north of the border.

The number of these companies was 25,620 higher in March 2012 than 12 months earlier - showing that more people are embracing entrepreneurialism.

Fergus Ewing, the Scottish Enterprise Minister, said the increase in the number of businesses is "encouraging", especially in the current economic climate.

"The rise has been driven by start-up enterprises, a sign that Scots are confident enough to go out and make the most of the opportunities available," he stated.

Mr Ewing said the Scottish Government is taking action to foster an enterprising spirit in its business community - for instance the recent launch of a £1 million Scottish entrepreneurs fund called EDGE – Encouraging Dynamic Growth Entrepreneurs.

"Business Gateway is on hand to give help to those considering starting a business. It also offers existing businesses the support they need to grow and develop," he noted.

The minister said the success of small and medium-sized businesses is integral to the success of the overall economy.

"That is why the Scottish Government is committed to maintaining Scotland as the most competitive place to do business and providing the most generous package of reliefs," he added.

Posted by Dan Smith