Family Business Scale-ups: Breaking Barriers to Growth
Mid-market family businesses
Mid-market firms 7 comprise slightly more than 80,000 of all UK businesses, as identified by the ScaleUp Institute on behalf of the mid-market Council. Within this cohort there are 8,641 mid-market family businesses, generating £142.1 billion in turnover and employing 912,000 people across the country. One in five (1,765) of these are currently scaling up. These mid-market family businesses are found throughout the country and are significant contributors to the economy through their turnover and employment. Of the mid-market family businesses, 88% are based outside London, with 76% based outside London and the wider South East of England.
Figure 7: The spread of mid-market family businesses across the UK
Total employment from Companies House filings
Total turnover from Companies House filings
No mid-market family businessess
Region
East Midlands
704
£11.6bn
77,159
East of England
878
£15.0bn
90,338
London
1,008
£19.2bn
103,002
North East
290
£4.5bn
33,198
North West
1,000
£16.3bn
107,464
South East
1,095
£17.4bn
116,382
South West
767
£10.5bn
82,636
West Midlands
733
£11.6bn
75,899
Yorkshire and The Humber
725
£14.2bn
76,403
Northern Ireland
424
£7.7bn
45,498
Scotland
629
£8.9bn
64,561
Wales
388
£5.2bn
39,658
Grand Total
8,641
£142.1bn
912,198
7 Mid-market businesses are defined as firms that meet either or both of the following criteria: (1) 50 to 499 employees; (2) turnover of between £10 million and £100 million.
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