Why Family Business?
Family businesses are the backbone of the UK economy and the bedrock of our communities. For generations, family businesses have put people at the heart of business. They offer a model of sustainable and responsible business that others can learn from, be part of, work with, and even adopt.
Family business leaders inherently put the interests of the next generation in mind, take a long-term view, and as the owners and stewards of the business, have greater freedom to experiment, innovate, and invest in their people and communities. They see the values people bring to the organisation as an important asset to be protected and nurtured.
In the UK, 90% of all private firms are family businesses.
That’s 4.8 million businesses.
They employ 13.9 million people, generate £1.7 trillion in turnover, and contribute £575 billion gross value added (GVA) to UK GDP.
Family businesses contribute over £200 billion to the UK Exchequer through tax receipts alone, which is over a quarter (26%) of the government’s total receipts.
FBUK Publishes Annual Report
April 24, 2024
Family Business UK have today published our Annual Report, covering the 18-month period July 2022 – December 2023. Comments on the annual report from Neil Davy, CEO of Family Business UK. As members will see from the report, the second half of 2022 focussed on developing a new strategy for the organisation (then known as […]
Senior business leaders back the launch of the Family Business UK Manifesto
November 14, 2023
The Family Business UK Manifesto – Taking the Long-Term View which lists “policies to unleash the potential of the UK family business sector” has received support from business leaders from Rigby Group, Samworth Brothers, Wates Group and ARCO, amongst others. Published today, the Manifesto sets out a list of key policy recommendations that can provide […]
