Family Business Scale-Ups: Breaking Barriers to Growth

Mid-market and scaling family firms are active users of growth capital, particularly traditional debt products, often deploying this investment for capital expenditure, R&D and infrastructure. However, more support is needed, and a knowledge gap persists, with many firms seeking clearer information and regular briefings on funding opportunities. There are significant opportunities to support these businesses on their journey of growth, with a range of stakeholders identified as critical to this effort, including local banks and financiers, professional services and government agencies. While there is already considerable activity under way within the Industrial and Trade Strategies and through private-sector initiatives such as the mid-market Growth Council, it is clear that implementation must focus on connecting family businesses across the UK to the resources available. Ensuring their voice is heard is essential, given their scale, contribution and importance within the mid-market and scaling community.

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