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Revewing Graphs
UK FAMILY BUSINESS STATISTICS

Family businesses are a force for good and significant contributors to the national economy. Family firms are the engine room of the UK economy and make a difference each and every day. The numbers speak for themselves:

5.3 MILLION

There are 5.3 million family businesses in the UK

(The IFB Research Foundation Report prepared by Oxford Economics, 2021)

 

1515

The oldest family firm in the UK dates back to 1515, RJ Balson & Sons,
a butchers on the High Street in Bridport

(Britain’s Oldest Family Firms published by Family Business United research, 2023)  

 

£138 billion

Turnover amongst the top 100 family owned businesses in the UK exceeds £138 billion annually

(Boodle Hatfield Top 100 Family Business Research 2021)

 

14.2 million

14.2 million people are employed in UK family firms

(The IFB Research Foundation Report prepared by Oxford Economics, 2021)

1715

The oldest family firm in Scotland hails from Auchtermuchty, John White & Sons, a provider of weighing solutions since 1715

(The Oldest Family Firms in Scotland Report published by Family Business United research, 2022)

 

£200 billion

UK family firms pay more than £200 billion in tax receipts annually

(The IFB Research Foundation Report prepared by Oxford Economics, 2021)

 

£630 billion

Family firms contribute more than £630 billion to UK GDP annually

(The IFB Research Foundation Report prepared by Oxford Economics, 2021)

£20 billion

The top 100 Scottish family firms generate more than £20 billion turnover annually

(The Scottish Family Business Top 100 published by Family Business United, 2022)

112,000

The top 100 Scottish family firms employ more than 112,000 people

(The Scottish Family Business Top 100 published by Family Business United, 2022)

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