The Current Agenda For UK Family Firms

The latest survey by Family Business United has highlighted the key challenges family business leaders are tackling in boardrooms across the country.

Amid ongoing political and economic uncertainty, compounded by changes announced in last Autumn's budget, running a family business is no easy task. This year's Family Business Survey aimed to capture the primary issues facing family enterprises and shed light on the complex decisions they must navigate.

The results are in, following the canvassing of family business owners across the UK in January 2025, revealing the most pressing concerns for family businesses nationwide. Paul Andrews, Founder and CEO of Family Business United, explain: "These findings are a broad picture of the challenges confronting family business owners. The past year has been exceptionally difficult for businesses of all sizes, sectors and generations across the UK."

"Boardroom agendas are packed with pressing challenges that demand attention and important conversations that need to take place."

Among the key issues shaping discussions are recent changes to APR and BPR, economic uncertainty, business costs, inheritance tax implications and succession planning. Many family business leaders are also grappling with the lingering effects of Brexit and the pandemic, further complicating their strategic priorities.

The Top Challenges Facing UK Family Businesses Today

1. The Economic Climate - 86%

2. Taxation (Including Inheritance Tax) - 71%

3. Government Regulation, Red Tape & Legislation - 64%

4. Inflation & Rising Costs - 58%

5. Profitability - 55%

6. Succession Planning - 33%

7. Recruiting, Retaining & Motivating Staff - 32%

8. Survival Of The Business - 29%

9. Growth - 27%

10. The Next Generation - 26%

11. Preserving Wealth & Creating A Legacy - 26%

12. Balancing The Needs Of The Family & The Business - 24%

Paul continues: "The survey highlights that family business leaders across the UK are facing similar concerns. Leadership can often feel isolating, and owners may be unsure whether others share their worries. The survey clarifies the consensus of family business leaders identifying the challenges that are top of mind for leaders nationwide, driving conversations and strategic decisions in boardrooms everywhere."

"Running a business today is undeniably tough, but family firms have long been known for their resilience, adaptability and entrepreneurial spirit."

"Many have successfully navigated adversity for generations, and they will continue to take the necessary steps - whether shifting their focus from growth and innovation to survival and sustainability - to ensure their businesses continue to endure for future generations."