EDINBURGH NEW BUSINESS GROWTH FALTERS

New business formation in Edinburgh has fallen back according to figures out yesterday. A total of 1,557 new business incorporations were recorded in the three months to September – down 7.3 per cent on August and 2.5 per cent lower than the figure for September last year. 

But 271 new business start-ups were supported by Business Gateway in the three months to September, 37 more than in the previous corresponding period of 2015.

There were no foreign direct investment projects announced in September – another month of standstill on this front.

House sales in the capital at 1,201 in August were six per cent higher than in August 2015.

Hotel room occupancy at 92 per cent (reflecting the Festival peak) was down 0.3 per cent on last year, but revenue per available room in was up a stonking 34.7 per cent on the same month in 2015.

Around 1,171,715 passengers travelled through Edinburgh Airport in June, up by 6.8 per cent on June 2015.

However, the growth in annual passenger numbers was lower in Edinburgh than comparator airports across the UK, where the increase was 7.5 per cent.

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