One in nine Scots plan to start a business

Entrepreneurial Scotland Eccles Williams Van der Kuyl
Scots may have been encouraged by FanDuel’s Nigel Eccles, SkyScanner’s Gareth Williams and games developer Chris Van der Kuyl

More than half a million Scottish adults expect to start their own business, according to new data which marks another shift away from dependency on big companies.

 The number looking to go-it-along is equivalent to 12% of the Scottish adult population of 4,459,590.

The research from Bank of Scotland also shows that younger people, 26% aged 25-34 and 24% of 18-24 year olds, are the most likely to start their own business.

Just one-in-33 (3%) of those aged 55 see themselves starting a company.

Research also shows that more than a quarter (25%) of 18-24 year olds, almost a quarter (24%) of 25-34 year olds and almost a fifth (18%) of 35-44 year olds use online selling platforms specifically to supplement their own income.

Jo Harris, managing director of retail business banking at Bank of Scotland said: “It’s not surprising to see that so many Scots are making in-roads to starting their own companies.

“We’re living in a digital-age where information is readily available at people’s fingertips, helping them to achieve their start-up goals with more confidence and support.

“We’re also confident that people are inspired by Scotland’s increasing status as a start-up hotspot, particularly within the tech sector.”

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