National Family Business Day, celebrated annually on the third Thursday in September, takes place on September 19 and is a significant occasion in the UK, dedicated to recognising the invaluable contributions of family-run enterprises to the country’s economy and communities. These businesses, often passed down through generations, embody the values of heritage, resilience, and innovation. 

Family businesses form the bedrock of the UK’s economy. They account for a staggering 88% of all private sector firms, employing over 12 million people and contributing billions of pounds to the national GDP. These businesses span a diverse range of industries, from small local shops and restaurants to large multinational corporations, showcasing the breadth and depth of family entrepreneurship. 

One of the hallmarks of family businesses is their ability to adapt and thrive through economic cycles, technological advancements, and societal changes. This resilience is often attributed to their long-term vision, strong values, and deep community ties.  Unlike publicly traded companies, family businesses tend to prioritise sustainability and legacy over short-term profits, ensuring their longevity. 

National Family Business Day is an opportunity to celebrate the success stories of family businesses across the UK.  

On National Family Business Day, communities across the UK come together to celebrate the achievements of family businesses, with plenty of activities on social media using the hashtag #GBFamilyBizDay and in person events including a National Family Business Day Dinner all aimed at highlighting the positive impact of these businesses on society. 

As the UK continues to navigate the complexities of the modern economic landscape, family businesses remain a pillar of stability and innovation. National Family Business Day is not just a day of celebration, but also a call to action to support and nurture these enterprises, ensuring they continue to thrive for generations to come. 

David Baggott, Founder of CN Strategic Advisors (“CNSA”) said: 

“We are proud to be one of the many family businesses working hard to contribute to the UK economy, providing a stable and enjoyable workplace for many, and so we are thrilled to support the National family business day.   

As family owners ourselves, it is really rewarding to be in a position to share our experiences with other family-owned businesses as part of the Corporate Finance advisory services we provide. 

Paul Andrews, CEO of Family Business United, emphasises the day’s significance:  

“National Family Business Day is a vital opportunity to shine a light on the remarkable contributions of UK family firms. These businesses are the backbone of our economy and our communities, and their dedication and hard work deserve recognition.” 

Find out more about National Family Business Day and the work Family Business United does to champion family businesses at www.familybusinessunited.com  

CN Strategic Advisors (CNSA) 

CNSA are a family-owned corporate finance advisory boutique owned by brothers Andrew and David Baggott.  CNSA work closely with clients to deliver their goals and provide business owners on expert advice during their ownership lifecycle.  This ranges from growth milestones such as raising finance and acquisitions, through to succession events such as business sales, equity investment and buy-outs. 

Family Business United (FBU)  

FBU plays a crucial role in organising National Family Business Day and advocating for family-run enterprises. Founded by Paul Andrews, FBU is dedicated to promoting the interests of family businesses through various initiatives and resources. They provide a platform for these businesses to share their stories, celebrate their successes, and address their challenges.