35,158 companies formed

UK  805,141 companies formed in the UK in total View national statistics

Growth in Scotland slower than other areas of the UK.

The 35,158 new companies formed in Scotland set a new record, bringing the number of incorporated businesses based in the nation to an all-time high of 280,990. Glasgow again led the way in terms of new formations in 2022, although Edinburgh remains home to a higher overall number of companies.

However, we still see evidence of an ongoing trend of slower growth in Scotland than other areas of the UK. The number of companies based in Scotland increased 3% in a year, 18.1% across five years and 65.3% over 10 years, each of which was lower than the equivalent figures for England, Wales and Northern Ireland.

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