Busi­ness is boom­ing in South La­nark­shire

Rutherglen Reformer - - News - Dou­glas Dickie

South La­nark­shire is out­strip­ping Lon­don when it comes to new busi­ness start-ups.

Some 163 new South La­nark­shire-based com­pa­nies reg­is­tered with Com­pa­nies House in the three months to Septem­ber.

Those new busi­nesses made up 5.4 per cent of all firms in the area - higher than Lon­don, where the fig­ure was 4.9 per cent.

Hi s a s h i Ku b o y ama , de­vel­op­ment man­ager at the La­nark­shire branch of the Fed­er­a­tion of Small Busi­nesses ( FSB), said: “Th­ese are en­cour­ag­ing fig­ures, in­di­cat­ing that La­nark­shire is one of Bri­tain’s busi­ness hot-spots.

“La­nark­shire has some com­pet­i­tive edge due to its rel­a­tively lower set­ting up cost than places like Ed­in­burgh and Glas­gow.

“Good trans­port links to th­ese ci­ties could be an­other fac­tor which makes La­nark­shire at­trac­tive to new busi­nesses.

“We know that banks’ busi­ness lend­ing is up in La­nark­shire, de­spite a re­cent UK- wide dip. Our lo­cal branch is grow­ing too, mak­ing it one of the best per­form­ing ar­eas in the UK.

“Al­though chal­lenges such as poor dig­i­tal con­nec­tiv­ity and in­creas­ing labour cost still re­main, La­nark­shire econ­omy may be re­gain­ing some con­fi­dence.

“We of­fer our mem­bers ex­clu­sive ben­e­fits in­clud­ing free le­gal ad­vice line, pen­sion so­lu­tion and com­pet­i­tive busi­ness in­sur­ance.

“They are all meant to pro­tect busi­nesses and help them grow. Work­ing with other or­gan­i­sa­tions in­clud­ing Busi­ness Gate­way and North and South La­nark­shire Coun­cils, we also help mem­bers gain ac­cess to busi­ness sup­port such as fund­ing and em­ploy­ment, which are vi­tal for busi­nesses to grow and thrive.”

Ac­cord­ing to Com­pa­nies House there are 12,461 com­pa­nies in South La­nark­shire, with 649 (5.4 per cent) start­ing up in the three months to Septem­ber.

Across Scot­land as a whole 8694 com­pa­nies reg­is­tered with Com­pa­nies House, the UK’s of­fi­cial reg­is­trar of busi­nesses, work­ing out as 4.1 per cent of all busi­nesses.

La­nark­shire has some com­pet­i­tive edge due to its rel­a­tively lower set­ting up cost than places like Ed­in­burgh and Glas­gow -

Boost Hisashi Kuboyama, de­vel­op­ment man­ager at the La­nark­shire branch of the Fed­er­a­tion of Small Busi­nesses (FSB)

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