About 247,000 people in Scotland were involved in early-stage businesses in 2020 in spite of the impact of Covid-19.
The long-running Global Entrepreneurship Monitor (GEM) estimates that 7.3 per cent of the Scottish population had formed a company or were operating one that had started trading in the previous three and a half years. That was at a similar level to 2019.
GEM, which is run by academics at Strathclyde University, surveys 140,000 people across more 40 countries and more than 2,000 responses were returned in Scotland.
Samuel Mwaura, a lecturer in the Hunter Centre for Entrepreneurship and co-lead of the GEM Scotland study, warned that many companies may never get beyond the planning stage.
“Historically, we know that new businesses play a vital role
Originally Appeared Here