Scottish Business Start-ups Rise, As London Leads The Way

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Around 21,700 companies have started up in Scotland in the opening six months of 2024 – up 3.69% on the same period of last year – research published today reveals.

It noted that only Wales and south-west England saw a decline in first-half new business registrations.

"The UK has experienced a significant uplift in new businesses in recent years, with numbers growing from 173,000 in the first quarter of 2020 to 248,000 in the first quarter of 2024 - marking a 43.4% increase."

It said: "Businesses on [the] accelerator programme stand a greater chance of raising investment, which rose by 70.5% on average over a three-year period, according to data published by the bank.