After two decades operating as the ‘Institute for Family Business’, is relaunching as Family Business UK. Family Business UK will focus on creating a movement of family businesses that promote the role of the family business model as a leading example of sustainable and responsible business.
The organisation will work to improve the perceptions of family businesses, and better highlight the contribution and significant role they play in our economy and communities up and down the country. Family Business UK will also support and advise family businesses to invest, grow and sustain for the long-term, helping family businesses of all sizes deal with common challenges across various stages of the business lifecycle.
The announcement comes as research commissioned by the Family Business UK and produced by Censuswide* reveals that 35% of the British Public would prefer to work for a family business over other business models such as Private Equity (11.4%), PLCs (13%) and Venture Capital Firms (8%). Those polled also said they would rather buy from a family business (44%) than from any other type of business.
Sir James Wates CBE, Chairman of Family Business UK, said: “Our objective is to lead a movement of family businesses working to create a more prosperous and sustainable future for generations to come, positioning family businesses in the UK as an economic force that demands the respect of government and policy makers. We invite all family businesses to join us.”
Chief Executive Neil Davy said: “Responsible businesses, like family businesses, need a vocal champion that showcases their strengths, supports them with their challenges and celebrates the role they play in society. As Family Business UK, we are committed to ensure their work and contribution is recognised and supported.”