How are UK family businesses feeling as we head into 2019? Highlights include:

  • The most pressing priorities for the next two years are improving profitability (67%) which is linked closely to the next highest identified priorities: attracting new talent and becoming more innovative.
  • While overall confidence is up across Europe, in the UK confidence dropped from 83 percent in 2017 to 68 percent this year. With Brexit negotiations ongoing in the backdrop, many UK family businesses continue to remain confident but are looking to the future carefully.
  • One of the key strategies for growth is embracing innovation. Respondents are capitalising on past growth and reinvesting profits into the business. The majority (86 percent) are investing in the core business, while 83 percent are investing in innovation and technology.
  • They are making themselves known in the war for talent. Over half of family business owners have increased staff numbers in the last 12 months, with a clear majority mapping recruitment and training into strategic plans.

For a full analysis of the results and trends identified by over 1,500 family business owners, download the report below.

If you would like any information on our family business consulting services, click here.

Download the Seventh Annual European Family Business Barometer

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