Further evidence of the success of Scottish Government and YES majority Scottish Parliament in finding ways to enable a Scottish economic climate which is fostering the development new businesses (to record HIGHS for both VAT registered and unregistered businesses).
This resilience being achieved DESPITE Johnson and the Westminster Tories’ (of varied colours) best efforts to dislocate the Scottish economy with their Brexit/little England madness. news.gov.scot carrying the hugely encouraging results of the business survey from National Statistics of Scotland. Link and snippets below:
Number of Scottish businesses at record high.
A National Statistics Publication for Scotland.
The Businesses in Scotland 2019 report shows that, as of March 2019, there were an estimated 356,550 private sector businesses operating in Scotland – the highest number since current records began in 2000.
The statistics show that between March 2018 and March 2019, the estimated number of businesses increased by 2.8% (9,755 businesses).
That increase was driven by a 4.3% (7,270) rise in the number of unregistered businesses (those not registered for VAT and/or PAYE), which increased from 170,500 in March 2018 to 177,770 in March 2019.
The number of registered businesses also increased during that period – up by 2,485 businesses (1.4%) from 176,295 to 178,780 – also the highest since current records began.
In the same period there were 354,125 Small and Medium-sized Enterprises (SMEs) operating in Scotland, providing an estimated 1.2 million jobs. SMEs accounted for 99.3% of all private sector businesses, 55.4% of private sector employment, and 41.5% of private sector turnover.