Do you know how many family firms there are across the UK?
5 million. And they employ around 13 million people across the UK and as a family firm ourselves we are proud to be part of that statistic and take part in National Family Business Day 2020.
When someone says family firm, some may think of a small business located in a small village or high street. Well in fact that isn’t true. Family firms come in all shapes, sizes, and sectors, with many being around for hundreds of years, successfully passing from one generation to another generation. In fact, the oldest welsh firm that dates back to 1897 is Leekes and is now in its fourth generation, clearly demonstrating that family firms have the ability to last successfully for generations. When you walk down the high street you will see family firms and they are the fabric of the communities in which they operate, providing jobs, income and creating wealth and supporting communities.
As a sector, family firms are truly the heart and engine room of the UK economy with them accounting for around 25% of GDP. Clearly the family business sector is something that deserves to be recognised.
Now in its 7th year, National Family day is organised annually by Family Business Unite, the award-winning magazine and resource centre for family firms and has seen the even grow year on year. As Paul Andrews founder of Family Business United explains, “This is a real day to celebrate the family business sector, businesses at the very heart of the nation and across all sectors of the economy too. Every part of life on a daily business is supported by family firms from the food and drink we consume, to the places we visit, the hotels we stay in, the homes we live in and the products that we use such as cars, hospitals and gyms. This diverse sector deserves to be recognised and National Family Business Day is a great way to put the sector on the map.”
As Paul continues, “Family firms have a story to tell, a real narrative borne out of families working in business together, creating a legacy that will hopefully endure for generations. It is this that makes family businesses special along with the underlying values such as passion, drive, integrity, and desire to do the right thing time and time again. 2020 has not been the easiest of years and a day focusing on the family business sector will provide a great opportunity to show our support for the sector.”
As Paul concludes, “FBU is all about the family business sector and it is a real privilege to champion family firms each and every day. Family firms are special, they are the backbone of the UK economy and will be for generations to come and we look forward to showcasing the diversity of the sector on National Family Business Day this year.”
This year is our 10th anniversary and we are proud to be celebrating such an amazing day with 5 million other family firms across the UK. Like any family business, we started from humble beginnings with Rayner, starting her business providing ironing services. Now 10 years on and with the support of her husband and co-director Ashley, her two children and her ever-growing work family, the business has grown to become a multi-award winning commercial cleaning and security company that services clients and supports local communities across South Wales.
To see more about National Family Business Day head over to Family Business United website. To see our directors talk about what it means to be a Family Business take a look at our video here: