Family Business: The third pillar of the UK economy - Boodle Hatfield

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26 Mar 2021

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 feature is the defining element that acts as the “glue” binding consumers, creators and employees together. Such businesses need the protection and appreciation for both the obvious and subtle differences from the global, publicly owned behemoths that dominate much of the headlines and our day-to-day existence.

The Family Business report looks in greater depth at Britain’s Top 100 family businesses, looking at who they are, and how they are built. We reflect on how Britain can ensure these entities remain strong contributors to economic growth as we look ahead, following the effects of the Covid-19 pandemic.

Download the full report here.