Contact us

Your Name (required)

Your Email (required)

Your Message

Scottish entrepreneurs making a comeback

Category: Scotland Business News — Mark on June 30, 2012

A recent survey has indicated the number of Scottish entrepreneurs is on the rise, following a decline in numbers over recent years.

The study, by The Global Entrepreneurship Monitor for Scotland, found that nearly 10 per cent of people of a working age in Scotland are planning on setting up their own business.

This is a rise of over 3.5 per cent in the year.

The report suggested this could lift the number of new businesses being created over the next three years. However, it also showed the start-up environment in the country was still uncertain.

Compared to the rest of the UK, entrepreneurs in Scotland are more likely to face difficulties.

The challenge in the recruitment of suitable staff, however, was by far the biggest, and was due to the problems in securing commercial finance in Scotland.

Nearly 50 per cent of those surveyed said access to lending was their biggest challenge. However, many have found that looking to invoice factoring can help. It is this approach to facing down problems which is said to be required of Scotland’s innovators of the future.

The endower of the Hunter Centre for Entrepreneurship at Strathclyde, Sir Tom Hunter, has said that educational initiatives introduced by the government have helped encourage the entrepreneurial spirit.

However, he went on to suggest that many people still expect the state to assist them in business creation. He said:

“Now we need ambition that avoids or jumps the hurdles, innovation that doesn’t expect government to provide, or you or me to solve problems.”

It is the invocation of this ambition that he believes will really drive entrepreneurial growth throughout the country.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

IFS Guide
IFS Presentation
NACFB - Helping Fund UK Businesses  Federation of Small Business