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SMEs

April 15, 2014

Entrepreneurial families in the UK generated approximately £540 billion (€654 billion) in revenues in 2013, adding £180 billion in gross value to the economy, and this figure is set to keep on rising, according to recent research.

Entrepreneurial families in the UK generated approximately £540 billion (€654 billion) in revenues in 2013, adding £180 billion in gross value to the economy, and this figure is set to keep on rising, according to recent research.

In the report Family affair: Spotlight on UK family SMEs, UK-based bank Barclays found there were 2.42 million first-generation, family-controlled small to medium-sized firms (SMEs), having climbed back from a low of 2.32 million in 2011 after the financial crisis.

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