• Text size      
  • Send this article to a friend
  • Print this article

More graduates are starting businesses

SCOTTISH universities have seen a sharp rise in the number of graduates starting their own businesses, according to new figures.

The number of new graduate start-ups rose by 20% between 2011/12 and 2012/13, bringing the total number of active firms to 431.

The rise follows initiatives run by universities and the Scottish Funding Council (SFC) to make courses more relevant to the economy.

Institutions have also worked on the development of entrepreneurial skills among their students.

Alastair Sim, director of Universities Scotland, welcomed the trend, highlighted by the Higher Education Statistics Agency.

He said: "This is indicative of the culture change taking place in Scotland's higher education sector.

"There has been a real growth in projects and initiatives linked to enterprise and entrepreneurship to encourage students to think about self-employment and support them towards that end."

Robert Foster, vice-president of student body NUS Scotland, added: "At a time of high youth unemployment and increasing competition for jobs it's not surprising graduates are looking to start-ups.

"The Scottish Government has a role to play in providing loans or grants for young entrepreneurs."

Contextual targeting label: 
Education

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

220821