- The totals represent the number of new firms opening accounts with
Bank of Scotland, Clydesdale Bank, TSB Bank and The Royal Bank of Scotland.
- The number of start ups fell by 5.3 per cent, 169, from 3,159 in the second quarter on this year.
- The rise in start ups compared with last year was driven by strong growth in the number of new construction firms, to 378 from 287.
- This suggests people are being encouraged to start firms by the strength of the recovery in the construction sector and the housing market from the downturn that followed the financial crisis of 2008.
- Sole trader start up numbers have increased during periods when people have found it harder to get jobs.