Promoting Franchises Could Deliver Prosperity If Supported, Say Business Experts

Scotsman:

Scottish entrepreneurs could create thousands of jobs and earn more than £1.5 billion for the economy if more support was given to the franchise industry, according to business experts.

More than 30,000 people are employed by franchises in Scotland, which generate more than £800 million in revenue. “Scotland needs to do more to promote franchising, which could increase its economy by millions of pounds a year and create thousands of jobs,” said Brian Stewart, director-general of the British Franchising Association.

“In the UK, 34,000 franchisees support 455,000 jobs, but Scotland’s share of that is only about 30,000. We could double that easily.”

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