Family Business Scale-ups: Breaking Barriers to Growth
Foreword
The UK’s scale-ups and mid-market businesses are increasingly recognised as a vital and dynamic segment of the national economy – they are the drivers of growth, employment and innovation.
this report, they can drive the productivity gains Britain urgently needs. Now is the moment to back the family businesses that have already proved their resilience, commitment and long-term value to the communities they serve, and unlock the full potential of Britain’s missing middle.
Included within this cohort, family businesses represent a particularly significant force. This ScaleUp Institute report, commissioned by Family Business UK, presents new analysis of the critical mid-market cohort of family firms that contribute more than £140 billion to the UK economy and employ more than 900,000 people. Scaling family businesses alone generate £72 billion and support half a million jobs. These are family enterprises that combine commercial ambition with long-term stewardship, deep community roots and multi-generational commitment. Embedded in local economies and anchored in key sectors – from manufacturing and logistics to professional services and retail – they are quiet engines of growth across the length and breadth of the nation. Their growth potential is substantial, and with the right infrastructure and policy environment, which we explore further in
“The ScaleUp Institute is delighted to work with FBUK to shine a light on the vital role family businesses play within the scale-up and mid-market economy. The data reinforces the importance of family businesses to local communities and their significant growth and global ambitions that we should all get behind.”
Steve Rigby, Chair Family Business UK
Irene Graham OBE Founding CEO ScaleUp Institute
Page 5
Made with FlippingBook - professional solution for displaying marketing and sales documents online