Twenty per cent of these entrepreneurs are based in Scotland, but a recent upsurge in new business starts, particularly from Glasgow and Edinburgh, has resulted in one in every three entrepreneurs approved for funding being from Scotland.
Off the back of this increase in volume, Transmit Start-Ups commissioned a piece of research to get a better understanding of who these Scottish entrepreneurs are, where they live and what types of businesses they are setting up.
They found that age was no barrier to those in Scotland looking to become their own boss, with the oldest recipient of one of its start-up loans 74 and the youngest just 19. The start-up businesses also spanned across a whole range of industries, with the most common sectors being retail, food and drink, creative and digital, and professional services.
Although there is a high concentration of new entrepreneurs across the central belt, Transmit Start-Ups has funded businesses from the Scottish Borders and as far north as the Isle of Lewis. The entrepreneurs came from all sorts of business backgrounds. 42 per cent of loan recipients were becoming their own boss from full-time employment, while 13 per cent started their own business after being unemployed for a period of time.
One such entrepreneur is Kirsty Gurr from Dunbar, who started her mobile cocktail business, The Alchemist Cocktails, with a start-up loan from Transmit Start-Ups. Kirsty used the loan to fit out her 1979 Renault Estafette van and since then, her business has gone from strength to strength. “It has always been by dream to start up my own business and I can officially say that is now a reality” said Kirsty. She added: “One thing I have learnt is that self-employment is definitely not for lazy people!”.
If you’re interested in starting your own businesses, find out more about Transmit Start-Ups and the work they do across Scotland at www.transmitstartups.co.uk, call 0845 094 3670 or email email@example.com.
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement