Edinburgh second in UK for number of high growth businesses

Edinburgh is second in the UK for having the most high growth small to medium sized businesses, according to a press release issued by the Centre for Cities today on their annual Small Business Outlook report.

Centre for Cities press release

Cllr Frank Ross, Convener of the Economy Committee, said: “Supporting all small to medium sized businesses including high growth companies is fundamental to the growth of Edinburgh’s economy.

“As a Council we offer a huge amount of support through our Strategy for Jobs. Our headquarters, Waverley Court, now has a business hub which integrates Business Gateway with other frontline services including planning, recruitment support and building standards. In the last financial year Business Gateway had a bumper year supporting 5,876 businesses including the largest number of high growth companies ever at 843.  These were helped with key growth activities such as taking on staff, growing turnover, innovation and trading overseas.

“We also responded to a particular request for more flexible workspace by opening four incubator spaces. These include Entrepreneurial Spark in Edinburgh Park, which supports 100 local start-ups each year, and the Creative Exchange in Leith, providing affordable workspace for up to 80 individuals or businesses.

“Last year Business Gateway helped businesses to create 2,780 new jobs and self employment opportunities in Edinburgh and Lothian.”

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