Family Business Scale-ups: Breaking Barriers to Growth
The challenges to growing and scaling family businesses
Access to markets
While trade is one aspect of their international growth agenda, 59% are also considering expanding their physical presence or operations overseas , while a further 23% say they may do so. When asked about relocating their headquarters overseas, 23% say yes, 34% say maybe, and 43% say they would not. Figure 24: Future business opportunities and relocation
Where would you consider locating your HQ to, If you were to move? 58% The EU 42% USA 14% Canada 14% China 12% other parts of Europe 12% UAE
When considering future business opportunities now, and in the future, do you see the business: Expanding physical presence / operations overseas
Yes 59%
No 18%
Maybe 23%
Relocating the business HQ overseas
Yes 23%
No 43%
Maybe 34%
What would the key drivers of that relocation be? Size of markets overseas
37% 37% 35% 33% 29% 29% 29% 14%
Better infrastructure Access to investors
A more favourable tax regime compared to UK
7% Africa
6% Elsewhere in Middle East
6% Indian subcontinent
6% Latin America
5% Other Parts of Asia
3% Australasia
More positive and proactive attitude to entrepreneurship and risk
Better understanding of your sector Ability to hire / access talent more easily
R&D access
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