Rise in East Lothian business start-ups New figures showing that East Lothian has bucked the Scottish trend of falling numbers of new business start-ups has been given a cautious welcome by Iain Gray MSP and Fiona O’Donnell MP.
Their comments came after the Committee of Scottish Clearing Banks, which represents the main four banks in Scotland, released its latest statistics on of new businesses opening bank accounts.
The number of accounts opened in Scotland fell by 4.6 per cent in 2011 to 14,737 compared to 15,439 in 2010. But in East Lothian, 314 accounts were opened in 2011 – a rise of 4.7 per cent compared to 2010. Figures for Edinburgh and Midlothian were both down, though the Borders posted a modest rise similar to East Lothian.
Mr Gray said: “The figures for East Lothian are quite encouraging and show that the county is still a good place to do business. If there is one positive that could come out of the dire state of the local labour market, it is growth in the number of small businesses locally.” Published on Tuesday 27 March 2012 16:00
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