Family Business Scale-ups: Breaking Barriers to Growth
The challenges to growing and scaling family businesses
Figure 26: Workforce skills gaps and recruitment challenges Workforce skills gaps and recruitment challenges
Mid-market and scaling family businesses are actively engaging with the education system to address these gaps. Figure 26 to the left shows that when working with schools and colleges, family businesses are seeking more employer encounters with students (42%), entrepreneurial education modules (38%), and better understanding of opportunities with businesses like theirs within careers advice (37%). There is also strong demand for vocational courses (35%), enhanced maths curricula linked to modern technologies (34%), and clearer accreditation of digital skills for young people (33%). A further three in ten highlight the importance of education on business funding, investment and capital.
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