More than 200 business figures have signed an open letter saying that Scottish independence would benefit the economy.

The letter comes a day after 130 pro-UK business leaders signed a letter arguing exactly the opposite.

Signatories to the pro-independence letter include Stagecoach chairman, Sir Brian Souter, and Clyde Blowers boss, Jim McColl.

The letter, published in The Herald newspaper, states:

“An independent Scotland will recognise entrepreneurs small and large as the real wealth and job creators of the nation’s economic future.

“It will encourage a culture in which innovation, endeavour and enterprise are nurtured. It will place power in the hands of Scotland’s people to channel the huge resources of our country in the interests of those who live and work here.”

The letter also argues that there is a real possibility that Britain will exit the European common market, and that this would hugely damage the nation’s economy.

A YouGov poll on 7 August gave the No campaign a 20 point lead – however just a week later this had shrunk to 13 points.

Scotland will go to the polls in the referendum on 18 September, with voters being asked the “Yes/No” question: “Should Scotland be an independent country?”

Image by Moyan Brenn