To secure Britain’s future we must support family businesses to expand globally
The power of the multinational model
is based overseas, yet these operations provide the rocket fuel for ongoing investment and tax contributions here at home. This multinational mindset has allowed us to grow from a British family business into a top ten global technology provider. Countries like the US and Germany have long understood this. The Americans have mastered international “It’s proof that ‘exporting’ doesn’t have to involve shipping boxes: it’s about building businesses that compete, win, and invest globally.”
business structuring to ensure long-term domestic benefit. The Germans take pride in their global Mittelstand champions: family-owned firms that expand worldwide without losing their identity or values. The UK could and should learn from this. The unique role of family businesses Family businesses, in particular, have a unique role to play. They combine deep-rooted purpose and long-term thinking with the agility to expand abroad without losing sight of their heritage. When they succeed globally, they bring home not just profits but pride, resilience, and opportunity. If we are to achieve long-term economic growth, the UK government must do more to celebrate and support the global ambitions of family-led firms so that they can take on the world. We should be building overseas networks, investing internationally and flying the flag for British excellence. Because if we’re serious about growth, we need more global champions: private companies that start here, succeed everywhere and help secure a stronger, more confident Britain for the generations to come.
Becoming an international or multinational business is the model adopted by almost all successful companies in the world, and the government is missing a trick by not promoting and supporting more UK businesses to look abroad. At Rigby Group, we’ve seen first hand how going beyond UK shores can deliver sustained value. Our technology business, SCC, holds a market-leading position in France and a top five position in Spain and the UK. Last year, SCC France was the technology provider for Paris Olympics and Paralympic Games. Around 70% of our revenues come from outside the UK, and around half our workforce
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www.familybusinessuk.org
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