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:
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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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FBU continues to expand and has a growing membership base around the world. Recognised as THE family business champions we have also gained recognition in both of the Top 100 Global Family Business Influencers list compiled by Family Capital. We are also the VOICE of the family business community, celebrating their contribution throughout the UK and beyond.
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Family Business United (‘FBU’) is an unparalleled rallying point and voice for the global family business community and an invaluable source of insight into the sector. FBU is a resource for all, family businesses of all sizes and sectors, and their advisers, helping to raise the profile of the family business sector and to encourage greater awareness of the contribution that family firms make to the global economy through employment, income generation, wealth creation and charitable endeavours.
At FBU, everything we do is about the family business, creating the best resource available to help families in business get access to the resources and support they need to continue their family business journey, wherever it will take them.