Member Thought Leadership
MEMBER:
Boyden
Family businesses remain the backbone of the UK and Irish economies, representing the overwhelming majority of private sector firms and contributing a disproportionate share of economic value, employment, and tax revenues.
In the UK, family-owned enterprises account for approximately 93% of all private businesses with more than five million firms, generating close to half of private sector turnover, nearly 60% of Gross Value Added, and supporting over 15 million jobs.
In Ireland, family businesses comprise an estimated 70–90% of private firms, contribute more than half of national GDP, employ close to one million people, and generate approximately €19 billion annually in tax revenues.
