FURTHER BOOST FOR CAPITAL START-UPS

Businesses growth continues apace in Scotland’s capital city despite miserable spring weather and signs of slowdown elsewhere. A total of 1,731 new business incorporations were recorded in Edinburgh over the three months to May. This is a 5.7 per cent increase on last month’s figures and a 6.9 per cent increase on the same period in 2014.

At Business Gateway, 383 new business start-ups were supported in Edinburgh in the three months to April. This is down 46 on last month, but 106 more than the same period in 2014.

The figures are set out in the latest edition of Edinburgh City Council’s Economy Watch, a useful monthly check on the economic pulse of the capital.

Over the 12 months to April 2015, 29 investment projects were recorded, two more than the previous 12 month period to April 2014.

In the last 12 months foreign direct investment projects in Edinburgh were associated with the creation of 447 new jobs in the city, more than the 247 jobs recorded in the 12 month period to April 2014

The Job Seekers Allowance (JSA) rate in Edinburgh is at 1.7 per cent in April 2015, down 0.9 percentage points on last year. It is also lower than the rate recorded in Scotland (2.3%).

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