Dundee leads the way as Scottish start-up numbers soar

According to figures from Inform Direct, 34,711 new companies registered in Scotland last year, and the up 8.8 per cent year-on-year rise compared with a UK figure of just 4.2 per cent.

This brought the total number of businesses in Scotland to a record high of 213,480, up 7.5 per cent from 2014.

Dundee City and Fife were the most dynamic parts of Scotland for new start-ups in 2015, taking them to the top of a UK-wide league table.

Dundee City enjoyed a 54 per cent increase in start-up activity last year when 1,253 companies were formed compared with 812 the year before. Start-ups in Fife grew 28 per cent from 2014 to 1879.

The figures show that there were 612,565 businesses formed in 2015 across the whole of the United Kingdom – up from the 586,784 registered in 2014.

In total, 19,772 firms registered in Scotland dissolved in 2015.