Celebrating National Family Business Day In The UK

National Family Business Day, celebrated annually on the third Thursday in September, takes place on September 19 and is a significant occasion in the UK, dedicated to recognising the invaluable contributions of family-run enterprises to the country's economy and communities. These businesses, often passed down through generations, embody the values of heritage, resilience, and innovation.

Family businesses form the bedrock of the UK's economy. They account for a staggering 88% of all private sector firms, employing over 12 million people and contributing billions of pounds to the national GDP. These businesses span a diverse range of industries, from small local shops and restaurants to large multinational corporations, showcasing the breadth and depth of family entrepreneurship.

One of the hallmarks of family businesses is their ability to adapt and thrive through economic cycles, technological advancements, and societal changes. This resilience is often attributed to their long-term vision, strong values, and deep community ties. Unlike publicly traded companies, family businesses tend to prioritize sustainability and legacy over short-term profits, ensuring their longevity.

National Family Business Day is an opportunity to celebrate the success stories of family businesses across the UK. Companies like Walkers Shortbread, Tunnocks, Thatchers Cider, Wyke Farms and JCB have become household names, renowned for their quality, innovation, and commitment to their employees and communities. These success stories serve as an inspiration to other family businesses, highlighting the potential for growth and impact.

Despite their significant contributions, family businesses face unique challenges. Succession planning, maintaining family harmony, and balancing tradition with innovation are just a few of the complexities they navigate. National Family Business Day provides a platform to address these issues with networking opportunities to support family businesses in overcoming their challenges and seizing new opportunities.

Family Business United (FBU) plays a crucial role in organising National Family Business Day and advocating for family-run enterprises. Founded by Paul Andrews, FBU is dedicated to promoting the interests of family businesses through various initiatives and resources. They provide a platform for these businesses to share their stories, celebrate their successes, and address their challenges. FBU's efforts include:

• Awareness Campaigns: Highlighting the importance and impact of family businesses on social media, in the press, and through their own channels.

• Educational Resources: Offering webinars, articles, and guides to help family businesses navigate issues such as succession planning, governance, and innovation.

• Networking Opportunities: Facilitating connections among family business owners, allowing them to share experiences and strategies.
  

FBU's commitment to family businesses ensures that their contributions are recognised and that they receive the support needed to thrive.

On National Family Business Day, communities across the UK come together to celebrate the achievements of family businesses, with plenty of activities on social media using the hashtag #GBFamilyBizDay and in person events including a National Family Business Day Dinner all aimed at highlighting the positive impact of these businesses on society.

A full marketing campaign pack is available to help family businesses and those working with family businesses make the most of the day too.

As the UK continues to navigate the complexities of the modern economic landscape, family businesses remain a pillar of stability and innovation. National Family Business Day is not just a day of celebration, but also a call to action to support and nurture these enterprises, ensuring they continue to thrive for generations to come.

Paul Andrews, CEO of Family Business United, emphasises the day's significance:

"National Family Business Day is a vital opportunity to shine a light on the remarkable contributions of UK family firms. These businesses are the backbone of our economy and our communities, and their dedication and hard work deserve recognition."

"We celebrate the resilience and innovation of family businesses, and we are committed to supporting them in navigating their unique challenges. This day is a testament to their enduring legacy and an affirmation of their crucial role in our society and it is a fantastic day to celebrate their impact on the national economy too."

We champion and celebrate the family business sector each and every day but it the creation of a national day that shines a spotlight on the sector for all to see really does amplify the family business voice across the nation. Family firms really do put the GREAT into Great Britain."