Building Britain for Generations: A Policy Agenda for Family Businesses
The UK Family Business Sector In Numbers
15.8 million Employed by family businesses in the UK. £2.8 trillion In turnover is generated by UK family businesses. £985 billion Gross Value Added (GVA) to UK GDP by UK family businesses. £422+ billion Is contributed by Family businesses to the UK Exchequer through tax receipts alone, which is over a quarter (26%) of the Government’s total receipts.
93% of all private firms in the UK are family businesses. That’s 5.1 million businesses.
Data from ‘Family Business Research Foundation: 2023 edition of The State of the Nation: The UK Family Business Sector.’
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