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Business start-ups in Scotland are experiencing growing stress from greater regulatory and legislative administration, a new report shows.
The Bank of Scotlands business banking unit undertook a survey which discovered that 75 per cent of Scottish businessmen expect SME regulation to increase as a burden over the next three-year-period, reports the Scotsman.
This data follows on from the recent comments from the director of the CBI, Richard Lambert, who asserted that such regulation would only "dampen entrepreneurial flair".
Mark Curran, Bank of Scotland Business Banking spokesman, commented: "The majority of small business owners are still working at near to full capacity with a strong demand for services from their customers.
"However it is worrying to see that, despite demonstrating such strong self-belief, so many of these businesses continue to feel the pressure of regulation compliance. While there clearly is a requirement for a certain level of regulation, the ever-increasing burden of red tape appears to be weighing heavily on the shoulders of SMEs."
The survey also highlighted that nearly 60 per cent of the heads of Scottish business start-ups believe that legislation and regulation is stemming their growth potential.
The National Federation of Enterprise Agencies recently said there are a number of support networks such as the Chamber of Commerce which help small businesses achieve success.
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