Scotland’s new businesses help to build a stronger economy – Jo

Local MP Jo Swinson has welcomed the increased number of new businesses created in Scotland.  Figures posted last week by the Federation of Small Businesses show that in 2013 more than 400 new businesses were set up in the East Dunbartonshire area with 30,000 new businesses created in Scotland – an increase of 19% from 2012.

Commenting, Jo said:

“Small businesses are the lifeblood of our economy and the Coalition Government is firmly on their side. An ambitious and growing small business sector is vital for building a stronger economy and I am delighted to learn that 408 new businesses have started up in the area.

“From April this year, local businesses in East Dunbartonshire will enjoy a £2,000 tax cut off their National Insurance Contribution bill due to our Employment Allowance scheme. Across Scotland this will see total savings of around £100 million.

“We have also taken a number of steps to help small-to-medium enterprises, including establishing the Enterprise Finance Guarantee which has helped small-and-medium enterprises access increased finance from banks. We have also set up a £1.25 billion business bank which will provide further support for SMEs who need funding to help them start-up, grow and develop.”

Commenting, Secretary of State for Scotland Alistair Carmichael said:

“It is good news to see the number of new businesses in Scotland growing.  We have a proud tradition and history of entrepreneurship in this country and it is encouraging to see that this spirit of Scottish entrepreneurship is continuing to inspire ambitious Scots to set up their own business.

“Backing small business and enterprise is central to the UK Government’s long term plan to build a stronger, more competitive economy.  That is why we are introducing our employment allowance which from this April will provide Scottish businesses across the country with a boost of £100m.”

Commenting, the Federation of Small Businesses’ policy convenor Andy Willox said:

“From Inverness to Kirkcaldy, Dundee to Paisley, Scots are being swept off their feet by the idea of becoming their own boss. We need to ensure that the public and private institutions that interact with these new firms, including banks, enterprise agencies and regulators, show them some love and encourage them to thrive and grow.

“The Scottish economy has had its ups and downs over the last few years – and many people will have decided to start up on their own because their circumstances changed. However, no matter what led to these new businesses starting up, Scotland needs to celebrate and support our latest entrepreneurs.

“From the new parent selling goods online from their living room, to the mid-size firm looking to break into international markets, all of these businesses are contributing to their household and the economy. While many small businesses will have one of their busiest days of the year on Valentine’s Day, we’re urging decision makers to embrace the small business community all year round.”

  • 30,263 New Scottish businesses were registered in 2013 (25,500 in 2012, 24,000 in 2011 and 20,700 in 2010).
  • Scottish Government now estimates over 340,000 businesses now operate in Scotland – the highest since records began

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