77% of Scotland’s small and medium-sized businesses report success as Scottish Government reports record numbers exempt from rates and in the wake of figures revealing much greater signs of distress among rUK businesses.

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In today’s report from Aldermore Future Attitudes, 250 000 out of 325 000 small and medium-sized business reported that they felt successful. There was no comparison with UK data but a report in in Scottish Business News on April 19th 2017 we can see quite sharp differences in the Scottish and UK figures for the related signs of business distress with the former much more optimistic.

What’s known as Red Flag Data, for rUK, showed that signs of business distress were up 17% since the last quarter of 2016 and up 7% year on year. In sharp contrast signs of business distress in Scotland were down 8% on the last quarter of 2016 and down 28% year on year.

Scottish businesses showing signs of greater health than those in the rest of the UK

 

A plausible explanation for the above, at least in part, lies in Scottish Government efforts to supports SMEs here. The Scottish Government reported on October 31st2017, that a record number of SMEs had benefited from the expanded Small Business Bonus rates scheme in 2016/17. 104,000 SMEs qualified for relief under the scheme reducing or removing rates bills.

40% increase in number of new Scottish businesses mainly under SNP government

For more on this see:

£226 million given in relief to small businesses in 2017-18 as part of most generous scheme in the UK

Scottish businesses report much greater optimism about their futures for the third quarter in a row but the Fraser of Allander ‘Institute’ can’t help scratching their ‘buts’.

Ruth and Kezia sob as they hear Scotland is ranked as the best place in the UK to start a business. Will this good news never end?

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6 thoughts on “77% of Scotland’s small and medium-sized businesses report success as Scottish Government reports record numbers exempt from rates and in the wake of figures revealing much greater signs of distress among rUK businesses.

  1. hettyforindy November 6, 2017 / 8:14 pm

    I recently certainly have met a few young people just moved to and set up in business in Scotland, coming from England, so must be a reason, otherwise they would not do so. Well done SNP Government, just a shame that too many people from abroad, and with their businesses, are being deported out of Scotland by the UKTory government. We really need immigration control in Scotland, because those who know no better, will be misled into thinking it is not a welcoming country to come and live, and they will certainly be misled into believing that Scotland is a not viable place in which to set up a small business, when the opposite is actually true.

    Scotland is doing very well against huge odds of restraining and undermining our economy by the London government. More people need to see and acknowledge that fact, and soon.

    Like

  2. johnrobertson834 November 7, 2017 / 8:41 am

    Good point about immigration control. It seems even a Labour peer agrees.

    Like

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