Media
Family business is the backbone of the UK economy, and the bedrock of its communities. IFB is the voice of the UK family business sector.
Two thirds of UK businesses are family owned - 4.8 million in total, of which over 18,000 are medium and large businesses.
They generate over a quarter of UK GDP. In 2017, the family business sector paid £182 billion in tax, more than the annual NHS budget.
Family firms employ 13.4 million people in the UK – 50% of private sector employment.
IFB is a not for profit, member-led organisation. We work closely with family firms to gather evidence on how the sector is faring and the challenges they face. IFB’s members represent a strong collective voice, with a combined turnover approaching £100 billion, employing over half a million people.
IFB’s growing membership includes some of the UK’s largest and most successful family-owned businesses, including some of the UK’s most recognisable and well loved brands. IFB members are based throughout the UK and represent a diverse range of industry sectors.
IFB’s communications team can provide you with:
- Interviews
- Quotes
- Research and publications
- Background information
- Case studies
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Government Drops Cut to Dividend Allowance
26th April 2017
The Government has dropped plans, announced in the Budget, to more than half the Dividend tax-free allowance, from from £5,000 to £2,000 a year.
IFB Responds to BEIS Department Industrial Strategy Consultation
24th April 2017
The Institute for Family Business (IFB) has made a submission to the Department of Business, Energy and Industrial Strategy in response to the ongoing industrial strategy consultation.
Government Scrap Unpopular Probate Fee Hike
21st April 2017
It has been reported today that the Government has scrapped plans to increase probate fees this May, as there was not enough time for the legislation to pass before the General Election.
Legality of Probate Fees Increase Questioned
10th April 2017
The Parliamentary Joint Committee on Statutory Instruments has questioned the legality of the Ministry of Justice's proposed increase of probate fees.