More than 3,200 new Scottish businesses were set up last month, according to new research from the UK’s insolvency and restructuring trade body.
R3’s analysis of data provided by Creditsafe shows that 3,280 new firms were set up in Scotland during May – 229 more than the previous month’s total of 3,051.
Start-ups in Scotland also rose 6.5% year-on-year from May 2022’s total of 3,081 – the fourth highest yearly increase of all the nations and regions in the UK, falling only behind Northern Ireland (up 25.3%), Greater London (a 17.5% rise) and East Anglia (up 12.2%).
