A new movement which sings the praises of the family business model has been launched.
Family Business UK seeks to position companies of this type as an influence on the UK Government’s policy-making.
Previously known as the Institute for Family Business, the organisation promotes the business concept and supports the family-run sector.
A poll carried out by the organisation working with Censuswide has revealed that almost half of West Midlands consumers would prefer to buy from a family business.
Family Business UK will highlight the positive impact they can have on society, the economy and the environment.
The organisation will promote the role of the family business model as a leading example of sustainable and responsible company.
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.”
Kevin Hollinrake MP, Minister for Enterprise, Markets and Small Business said: “Family businesses play a vital role in the UK economy and are valuable and trusted components of our communities.
“As a sector that delivers jobs and training to local regions, they employ 13.9 million people across the UK and represent the best of British business.
“I look forward to continued engagement with Family Business UK to ensure that family-owned firms are championed, and can operate in an environment where all enterprises can flourish and grow.”
