Scotland business

Scottish business start-up numbers 'fall sharply'

The number of business start-ups in Scotland has fallen sharply, according to figures released by Scottish banks.

The Committee of Scottish Bankers (CSCB) said 2,728 new businesses were recorded between July and September.

The figure was 14.2% down on the previous quarter and 11.9% lower than the same period last year.

The figures were based on new businesses that opened accounts with CSCB members Bank of Scotland, TSB Bank, RBS and Clydesdale Bank.

Businesses classified under real estate, renting and other activities accounted for the largest number of start-ups - 745 - followed by recreational, personal and community service activities, which recorded recorded 412 new businesses.

The west of Scotland area saw the largest number of start-ups in the third quarter (1,007), followed by east of Scotland (773) and Aberdeen City and Shire (399).

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