Family Business Scale-ups: Breaking Barriers to Growth
The UK family business landscape
These family businesses are operating across all sectors of the economy. When broken down by Standard Industry Classification (SIC 2007) codes, the largest share – 29.8% – operate in Real Estate and Construction, followed by Professional, Scientific and Technical Services (14.5%) and Wholesale and Retail (10.9%). In addition, 35% operate within the Industrial Strategy sectors, highlighting both their strong presence in traditional UK industries and their growing role in newer, strategically important sectors.
Figure 5 below shows that, across all 766,000 businesses, 42% are over ten years of age. However, as they grow into the mid-market we see a greater proportion over the age of 40; 369 of these businesses are older than 100 years.
Figure 5: Age of family businesses Breakdown of Family Businesses by Size
300,000
269,616
194,086
200,000
169,947
88,730
100,000
20,987
10,836 10,250 2,026
369
0
<5 years 6–10 11–20 21–30 31–40 41–50 51–75 76–100 100+
Business age – no. of years
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