The FBRF Commissions Cebr to deliver 2024 Family Business Sector Report

The Family Business Research Foundation is excited to announce the launch of new research on the UK’s family business sector, commissioned to the Centre for Economics and Business Research (Cebr). This important study will provide critical insights into the current state of family-owned businesses in the UK and their significant contribution to the national economy.

Family businesses are the backbone of the UK economy, contributing billions in turnover and employing millions across various sectors. Despite their economic importance, there is a need for up-to-date, comprehensive economic data on the sector.

This newly commissioned research will address this gap by investigating the size and structure of the sector and assessing the contribution that family firms make to the UK economy: quantifying their overall economic impact, including their contribution to GDP, employment, and the tax contribution they make to the public finances.

The primary goal of the project is to enhance the understanding of family businesses' role in the UK economy to ensure policy is based on the best possible evidence as well as to promote further research in the field.

The Family Business Research Foundation has partnered with Cebr, one of the UK’s leading economic consultancies, to deliver this project. The findings from the study will provide a valuable resource for family businesses, government bodies, and advisory professionals. They will offer new data and perspectives to inform business strategies, shape government policy, and ultimately, strengthen the long-term sustainability of family-owned businesses in the UK.

The research is set to begin immediately, with Cebr working closely with the Research Foundation to progress the project. The 2024 Family Business Sector Report is expected to be published early in 2025.