A week-long campaign aimed at highlighting the UK’s Family Business sector at the height of the cost of living crisis will take place this November.
The Institute for Family Business (IFB) will host its annual Family Business Week (FBW 2022), in partnership with NatWest. As businesses across the UK face a tough winter caused by rising energy prices, the IFB is championing the fantastic work family businesses do to foster economic growth and the role they play in shaping the fabric of their local communities and regions.
As part of Family Business Week, which will run from Monday 21 – Friday 25 November, the IFB will work with the Government to ensure that business support is directed to those organizations at risk of closure as a direct result of the cost of living. crisis As part of Family Business Week, which will run from Monday 21 – Friday 25 November, the IFB will work with the Government to ensure that business support is directed to those organizations at risk of closure as a direct result of the cost of living. crisis The week-long celebration will also include several business events hosted by the IFB, as well as parliamentary visits to family firms and panel discussions around the theme for this year’s FBW. Now more than ever it is important to celebrate the place of family businesses in the world and highlight the vital role they have played in helping communities rebuild after the pandemic and how they are supporting their local areas during the cost of living crisis.
This year’s campaign follows the success of Family Business Week 2021, which highlighted the role of family businesses in supporting local communities during the pandemic. Around five million British family businesses, providing jobs for 14 million people, have been the backbone of the economy and the bedrock of the country during many lockdowns.
Ahead of FBW22, family businesses from across the country will share their stories of how they are supporting their employees and local communities during the cost-of-living crisis. They will show the valuable role family firms play in tackling the climate crisis/creating a more energy efficient economy by making their businesses more sustainable and growing the UK economy.
Neil Davy, Chief Executive of the Institute for Family Businesses (IFB) said:
“We are very proud to celebrate the place of family business in the world and illustrate how they are the backbone of local communities and integral to the growth of the economy. We started Family Business Week to highlight the huge role that family businesses have played in supporting people and communities during the pandemic. However, this year’s campaign is perhaps even more urgent as thousands of family businesses face rising energy bills and worry about how they will survive. Family Business Week 2022 is about making sure the Government is aware that business support is needed for firms to survive the winter months.”
Fiona Graham, Director of External Affairs and Policy, said:
“This winter, family businesses will be doing everything they can to survive, support their staff and help the local community. It is now more important than ever that we celebrate the vital contributions of the family business sector. We must also ensure that they have the necessary help to continue to thrive. Throughout the week, we will show how the sector is supporting the country during the difficult months. The IFB will provide opportunities for businesses to talk about these issues with political stakeholders at both local and national level”.
About the Institute for Family Business
The Institute for Family Business (IFB) is the UK’s family business organisation. Our members include some of the most successful and longest-running businesses in the country. Together they employ more than half a million people and have a combined turnover of £100 billion annually, and work across the UK in every region, and in every sector.
We work with family businesses to help them build a better and stronger business for future generations of their families, employees and communities. We work closely with family firms to support them in growing their businesses for generations to come. A central part of our work is to provide educational resources and knowledge-sharing designed to support business owners and those who work in a family business. We aim to champion best practice within the family business community and help others learn from these examples.