Family Business Pulse Survey: June 2026
BPR / APR Since changes to BPR / APR were announced, Family businesses have invested significantly in legal and financial advice. Nevertheless, more than half of family firms (51%) still expect to be affected by the changes. Medium and large family businesses remain the most exposed: 62% of those employing more than 50 people say they will be affected by the changes. The changes to BPR / APR have continue to impact jobs and investment. 18% of family businesses have deferred or reduced investment over the last 12 months while 17% have cut jobs or frozen recruitment. These trends look set to continue. Over the next 12 months, 16% of family firms plan to reduce headcount or freeze recruitment, and around 14% expect to defer, pause, or cancel investment.
Tax factors The three tax factors currently having the greatest impact on family businesses are Employer National Insurance Contributions (32%), business rates (29%), the National Minimum Wage / National Living Wage (28%). Looking ahead, the types of tax support that family business owners say would most support investment and growth in their business over the next 12 months include reducing Employer NICs (38%), business rates reform (37%), VAT simplification (31%). 56% of businesses that have been operating for over 40 years said that employer NICs were having the greatest impact on their business. Almost four in ten (38%) medium and large family businesses said the future growth of their business would be supported by reforming new Inheritance Tax rules introduced on 6 April.
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