Family Business Scale-ups: Breaking Barriers to Growth
The challenges to growing and scaling family businesses
For those considering relocation, preferred destinations closely mirror broader market
opportunity patterns. The EU (58%) and the USA (42%) are the most commonly cited potential locations, followed by Canada (14%), China (14%), other parts of Europe (12%) and the UAE (12%). The key drivers of relocation are largely market- led. The size of overseas markets (37%), better infrastructure (37%) and access to investors (36%) are the leading factors. These are followed by perceptions of more favourable tax regimes compared with the UK (33%) . Other considerations include a more positive and proactive attitude to entrepreneurship and risk (29%), better understanding of their sector (29%), greater ease in hiring or accessing talent (29%), and access to R&D (14%).
The survey highlights practical challenges in navigating routes to international markets and engaging with trade support. While only four in ten mid-market and scaling family businesses say they are aware of the government’s Trade Strategy, eight in ten believe that it would be helpful to their business .
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