The Institute for Family Business Calls on the Next Prime Minister to Back Family Business with a Five Point Plan

The Institute for Family Business (IFB) is calling on the future Prime Minster to champion family business and pledge their support to five key measures which would enable the growth of successful enterprises for generations to come. These five pledges include measures to support business transfer, export growth, access to finance, responsible business practice and boosting skills. 

1. Support long term growth and the successful transfer of family businesses

2. Help more family firms take the first steps into exporting

3. Investing in family business growth

4. Champion responsible family businesses

5. Ensure family firms have the skills they need to grow

IFB Director General Elizabeth Bagger said:

“Family businesses are the backbone of the UK economy. For generations their core values of sustainability, custodianship and long termism have remained unchanged, and policies to support them give family firms the opportunity to invest in their employees while developing innovative new products and services.

We believe there is a great opportunity for growth in the sector, in particular in exports, and are calling on the future Prime Minister to commit to these pledges to demonstrate their support for family businesses across the country.”