Family Business Discussed at Number 10 Meeting

December 21, 2023

FBUK CEO Neil Davy in Downing Street

At a recent meeting with Business Minister Kevin Hollinrake and the Prime Minister’s Business Adviser Franck Petitgas, key issues of interest to family businesses were discussed at length in Downing Street.

The meeting followed a joint letter from Family Business UK, Federation of Small Businesses, Employee Ownership Association, IPSE and Small Business Britain calling on the Prime Minister to ensure he and his team are hearing from a diverse range of businesses about the challenges and opportunities facing our economy.

The very constructive meeting covered a wide range of issue, including prompt payment, skills and apprenticeships, digitisation and access to finance, with an intention from all parties that the group to meet regularly to share insights and work constructively together to ensure government policies deliver for the whole business community.

Small Business Minister Kevin Hollinrake::

“Government will always back small businesses, they are the hearts of our communities and local economies. I was pleased to discuss in No10 how we’re tackling key issues for SMEs such as access to finance and late payments, and we look forward to continuing this engagement with the small business community.”

Neil Davy, Family Business UK CEO

Each model of business ownership faces unique challenges; each requires specific support to help grow and reach its potential.  We all agree we want the UK to have a thriving economy and a supportive regulatory and tax environment that enables businesses, communities and families prosper for generations to come, and we look forward to continuing to work together to deliver that.  This meeting was a great first step to achieving that”

Tina McKenzie, Policy & Advocacy Chair of the Federation of Small Businesses

“Building on the pro-small business measures announced in the Autumn Statement, this project is welcome progress from previous big business-focused consultative groups. We’re excited to be working with No10 on proposals we’ve put to them which we think would better understand entrepreneurs, the versatile set-up models that work for them and their employees, and overcoming barriers to expanding a business.”

James de le Vingne, Chief Executive of the EOA

“We were delighted to contribute to a conversation that takes learning from all sections of the UK economy. We hope these conversations can continue so we can be part of the drive to have the best impacts on people, planet and place.”

Andy Chamberlain, Association of Independent Professionals and the Self Employed

“It’s essential that key policy makers engage with all business, from the biggest to the very smallest. This was a positive meeting and we look forward to working more closely with No 10 on the issues facing those who work for themselves.”

Michelle Ovens CBE, Founder, Small Business Britain

“Following our positive conversation, we’re looking forward to continuing our work with Number 10 to support UK small businesses, particularly in key areas of growth and opportunity such as sustainability, diversity and inclusion. Ensuring small firms – particularly the very smallest micro-businesses and start-ups – have access to the right skills to take the first steps of growth is a key priority for 2024 that we look forward to working with Government on.”