Only 53.7% of companies founded in 2013 lived past their three-year milestone. Surprisingly, this number is 3.6% lower in London. According to Mark Hart, deputy director of the Enterprise Research Centre, this happens because a lot of people come to London to seek business opportunities. The businesses that do survive, however, grow by 20% (in employees and turnover) for at least three years in a row. Northeast Scotland has the highest rate of survivors who scale up (9.8%). Professor Hart attributes this partly to the region’s successful oil and gas industry. (The Financial Times)