Record with 30% rise in new businesses in Glasgow

Glasgow has beaten its all-time record for new company formations with a 30 per cent rise in new businesses created in the city in May.

According to statistics from formations experts Duport, last year's record of 501 new companies created was smashed, with a rise of 30%.

Sandra White, SNP MSP for Glasgow Kelvin, said:

"Glasgow continues to attract considerable investment from both national and international businesses.

"May's figure of new start-ups has smashed last year's figure which is fantastic news and, during these difficult economic circumstances, speaks volumes for the city and its workforce

"The SNP Government is continuing to invest in this city and its people - with over £1billion being invested in two projects alone.

"We have devoted some £246 million in capital funding for the modernisation of Glasgow's subway and £842 million for the South Glasgow Hospitals.

"This is helping improve our city, making it more attractive for investors."

Ms White added:

"These statistics from Duport come on the back of the latest Ernst and Young UK Attractiveness Survey, which showed Scotland continued to be the most attractive place in the UK to do business in 2011.

“After all the scaremongering, the only people causing uncertainty and harm to Scotland’s economy are George Osborne and Danny Alexander with their enthusiasm for cuts when they should be investing in recovery.

"Glasgow, and Scotland as a whole, is well and truly open for business under the SNP and, with the full fiscal levers of an independent Scotland, we could make this country truly flourish."