The future of family business
The Future of Family Business
The Future of Family BusinessSurvival, succession and stewardship in modern BritainResearch among UK family business owners, advisers and wealth specialists
Succession planning is about preserving options and creating resilience, not simply reducing a future tax bill.
Read in fullJames Cook
Partner
The Report at a Glance
71%
cite rising costs
57%
cite political/
economic climate
63%
confident over
two years
24%
confident over
10 years
33%
cite lack of successor
21%
would consider selling
following IHT changes
Source: YouGov research.
Family businesses remain resilient.
But survival is becoming more planned, more professionalised and less automatic.
The challenge is no longer simply building a successful business, but ensuring it survives the next generation.