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Glasgow Leads Small Business Revival

A SURGE has been recorded in the number of Scots starting their own business.

The number of new businesses registered with Companies House rose by almost 20 per cent last year to 30,263. It brings to an estimated 340,000 small business now being run in Scotland – the highest since records began.

The Federation of Small Businesses (FSB) in Scotland have broken the figures down by postcode and found that G2 in Glasgow was the most common, with 1,515 new companies being registered.

The E3 postcode in Edinburgh, which takes in Stockbridge, the West End and Tollcross, had the second highest number of registrations with 1,277, and Leith (EH6) ranked third with 918.

FSB Scottish policy convenor Andy Willox said: “The Scottish economy has had its ups and downs over the last few years – and many people will have decided to start up on their own because their circumstances changed. However, no matter what led to these new businesses starting up, Scotland needs to celebrate and support our latest entrepreneurs.”

Scottish Secretary Alistair Carmichael said: “We have a proud tradition and history of entrepreneurship in this country and it is encouraging to see that this spirit of Scottish entrepreneurship is continuing to inspire ambitious Scots to set up their own business.”

The Glasgow Law Practice gives free initial advice to new business start-ups. Contact ss@theglasgowlawpractice.co.uk