January 31, 2025

The Economic Impact of Family Owned Businesses

Cebr worked with The Family Business Research Foundation, to estimate the contribution that family-owned businesses make to the UK economy. Our economic impact assessment includes consideration of the share of businesses that are family-owned, along with the economic contribution of these organisations. We find that there were over 5 million family-owned businesses in 2023, representing more than 90% of all UK firms. These organisations contributed £985 billion to UK GDP and were significant job creators, employing nearly 16 million workers.

View the full press release here

View The Family Business Research Foundation’s summary of the report

The full report can be viewed and downloaded below.

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