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 Industrial Strategy Green Paper.
Highlighting the long-term outlook of family businesses, the IFB called for a new industrial strategy that takes a holistic view of success, supporting long-term value creation and sustainable growth. The IFB response also encouraged the Government to consider key measures that allow family firms to invest in long-term growth.
Fiona Graham, IFB Communications Director, said: “With their intergenerational view and ambitions to be successful and grow for the long-term, family businesses are often called the bedrock of our community. They embed responsible capitalism and have an intrinsic commitment to future generations. It is therefore key that the new industrial strategy reflects these needs and the immense economic and social value of sustainable value creation.
“Considerations like equitable access to finance for investment in growth, including equity funding, greater competition and choice in business financing and their awareness among family business owners are crucial for family firms to continue growing in the long-term. ”
You can access the full response here.
For more information contact
Fiona Graham, IFB Communications Director