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Insider UK
Insider UK
Business
Peter A Walker

Scottish start-up numbers reach five-month high

Scotland R3 United Kingdom

The number of start-ups in Scotland has reached its highest level for five months, according to new research from insolvency and restructuring trade body R3.

Its analysis of data provided by Creditsafe shows there were 3,147 new Scottish firms set up in January 2023 – the highest recorded figure since August 2022’s total of 3,161.

Start-up figures also saw a monthly increase of 51.7%, compared December 2022’s total of 2,075 – and a yearly increase of 15.9%, compared to January 2022’s total of 2,715.

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