More enterprises open in Glasgow than anywhere else in Scotland

Glasgow has seen more enterprises open in the area than anywhere else in the country.

Experts from The Cut & Craft analysed the latest Business Demography data released by the Office of National Statistics and found that, in 2022, 3050 new enterprises opened.

Edinburgh came second (2270) followed by South Lanarkshire (1175). The Orkney Islands were at the bottom with just 60 enterprises opened.

Scotland saw a combined 18,870 enterprises being born which put them in 9th place when compared to the rest of the UK. Scotland places above Wales with 12,090 but below the East Midlands with 22,685. 

London has seen more enterprises than anywhere else in the country with 76,845 followed by a strong gaped compared to the South East which was second with 44,160.

Northern Ireland came bottom out of the whole UK with just 5,385 enterprises born. Across the entire UK, 336,925 enterprises were born.

Retail trade, except of motor vehicles and motorcycles saw the most births (29,420), followed by Specialised construction activities (28,365) and Food and beverage service activities (26,155).

Oscar Akgul, owner of restaurant and cocktail bar The Cut & Craft who conducted the research, is very happy with the strong showing from the sector.

He said: “It’s amazing to see the industry performing so strongly and people continuing to trust us for a great experience. 

Especially after the hardship of Covid and lockdown, and the impact the Cost-of-Living crisis is having on everybody, not just business owners, but customers too, it’s heartwarming to see the sector continue to grow and develop.

We look forward to seeing how 2024 continues to fare as we ourselves look to expand our restaurants into new areas across the UK.”

Oscar has these top tips for opening a restaurant:

• Do your homework and understand the clientele needs in your area.
• Your products and services must be in line with the market needs.
• Understand PR marketing and learn how to use social networks.
• Invest in the right people and only work with the individuals who share the same passion as you.
• Create what’s special about your venue/ products/ location/building/ prices. Be clear about your brand.

Credit to https://www.thecutandcraft.co.uk/, who carried out this research.