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Family Business: The Third Pillar Of The UK Economy

Family businesses have formed the backbone of our economy and have been firmly engrained in society for centuries. Due to the very nature of their ownership, no two businesses are the same. They are characterised by relationships rooted between the company and the family over generations.

Unlike other corporate configurations, the family is the defining element that acts as the “glue” binding consumers, creators and employees together. These businesses need protection and appreciation and are very different to the global, publicly owned behemoths that dominate much of the headlines and our day-to-day existence.

Throughout this report, we reflect on some of the most successful UK family businesses and how Britain can ensure these entities remain strong contributors to economic growth as we look ahead, following the effects of the Covid-19 pandemic.

Find out more by visiting the Boodle Hatfield website here

Family Business - The third pillar of the UK economy

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