Scotland on Sunday:

The recession has sparked a surge in the number of Scottish entrepreneurs turning to franchising as a way of setting up their own business, according to figures from the British Franchise Association (BFA).

The BFA says the problems with securing credit for conventional start-up firms has made franchising an attractive option for many aspiring entrepreneurs as they are able to start a business beneath the umbrella of a parent company.

Established business-owners have also found it a more secure method of expanding their companies in the current economic environment.

Employment in the franchise sector in Scotland has risen by 1,500 in the past year against mounting unemployment in the wider economy. The annual turnover of Scottish franchise operations now stands at £800m, shared between 476 brands such as McDonald’s, Domino’s Pizza and Toni & Guy, the hairdressing chain. In the past year there has been a seven per cent increase in the number of franchise brands operating in Scotland.

“The economic climate is tough but our members are reporting steady enquiries from potential franchisees,” said Brian Smart, director general of the BFA.

Full srticle.

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