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SMEs are flourishing throughout Scotland

A new Santander study suggests the number of SMEs in Scotland is increasing strongly – there was a 4.1% increase in the number of small businesses in Scotland in 2014, an increase of over 6,500 in the year. The four fastest growing areas were: Clackmannanshire (an increase of 6.7%); East Renfrewshire (6%); East Dunbartonshire (5.7%); Edinburgh (5.6%). Although Edinburgh is the fourth largest-growing area for SMEs, the city has retained its title for having the most small businesses in total with 16,875, slightly more than 16,570 in Glasgow and 13,970 in Aberdeenshire. Total turnover for Scottish small businesses in 2014 rose by 5.7%, equivalent to an extra £5.34bn in revenue.
 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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