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Family business initiative launched

A nationwide initiative to enhance the performance of mid-sized family businesses has been launched.

The Institute for Family Business (IFB) is behind the scheme and is holding free seminars, supported by the Confederation of British Industry, across the UK which will explore issues surrounding succession planning.

In addition, the IFB will also publish a number of free online guides to help business owners identify key barriers to growth.

IFB director-general, Grant Gordon, said, “Family firms form a significant part of the UK’s mid-sized businesses and the IFB wants to see them continue to play a powerful role in growth.”

The first Family Business Challenges seminar will take place at Lancaster House Hotel, Lancaster, on 29 February.

According to the IFB, there are almost three million family-run firms in the UK, which account for 40 per cent of total private sector employment and provide jobs to 9.2 million people.

By Kirsty Hewitt

Family business initiative launched
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