Here’s what BBC Scotland reported this morning (11.1.17) at 06:30am:
‘Most of Scotland’s small firms expect conditions to deteriorate according to research* (invalid, see note below) carried out by the Federation of Small Businesses. It found that business confidence was at a lower level in Scotland than elsewhere in the UK. A separate report from the Bank of Scotland suggests falling levels of entrepreneurship and a decrease in the number of new start-ups here.
I’ll come to the quality of the ‘research’ from the Federation of Small Businesses later but first here’s what the professionally executed research from the Bank of Scotland actually said:
‘Scotland has managed to withstand a sharp decline in the number of start-up businesses in the last five years. The findings of a Bank of Scotland study reveal that 3% fewer new businesses were started in Scotland in November 2016 compared to November 2011, while the UK figure dropped by 19%. (See table 1) Regionally, the data from BankSearch shows that Wales has seen the largest decline in new start-ups, falling by over a quarter (26%). England has also been hit hard, declining by a fifth (20%). As this is where the greatest volume of new start businesses are launched, this equates to nearly 100,000 fewer new businesses created in 2016.’
‘In contrast to England and Wales, the view in Scotland is much more encouraging, with almost half (14 of 32) of Scottish regions seeing growth in the number of start-up businesses over the last five years.’
Here’s the table:
|Table 1: Total Number of Start Ups in the UK over the last 5 Years – UK|
|Ranked by 5 Year % Change|
|UK Mainland||Nov ’11||Nov ’16||5 Year Change||5 Year Change %|
|12 Month Rolled Data
Source: BankSearch Business Start Ups
Quite a different story, I think you’ll agree. Now, back to the Federation of Small Businesses Scotland, I can find no sign of the ‘research’ on their site http://www.fsb.org.uk/standing-up-for-you/national-offices/scotland/press-releases
Until I can see the FSB actual report with its methodology, if it has one, I can’t say whether it’s reliable or not. If you can find it, please send me the link.
*Thanks to Broadbield – self-selecting samples therefore invalid: http://www.fsb.org.uk/benefits/big-voice