Scotland business

Fall in Scots business start-ups

Image caption A lack of finance has been blamed as one barrier to starting a business

The number of businesses started between July and September has fallen nearly 13% compared with a year ago, according to the banks.

The Committee of Scottish Clearing Bankers (CSCB) said 3,521 businesses were started in that period, compared with 3,986 in the previous quarter.

There was a sharp fall in the number of construction and manufacturing firms set up.

The largest number of businesses were created in Edinburgh.

Most areas of Scotland saw a decline in the number of new firms created, with big falls recorded in Glasgow and Aberdeenshire.

A lack of finance has been blamed in the past as one barrier to starting a new business.

The CSCB incorporates Bank of Scotland, Royal Bank of Scotland, Clydesdale Bank and Lloyds TSB Scotland.

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