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Did You Know?

Family businesses generate

£81bn

per annum of UK tax receipts

 

Approximately

60%

fail to plan formally for succession

 

Family businesses account for almost

1/4

of the overall UK GDP

 

Only

30%

make it to second generation family ownership

 

Family businesses contribute

£73bn

of UK total tax revenues

 

Family Businesses account for

42%

of UK private sector employment (9.5m people)

 
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Welcome

ICFIB is a not for profit organisation that works with family businesses and their professional advisers.  Our purpose is to provide a community for learning and support for both family businesses and their advisers.  A family business, as defined Renato Taquiri from Harvard Business School (1980) is "Where two or more extended family members influence the direction of the business through the exercise of kinship ties, management roles or ownership rights".

 

Latest news & features

  • ICFIB President interviewed by the New Zealand Herald

    25.04.13

    ICFIB President, John Tucker, spoke at the recent 3rd Family Business Annual Forum in New Zealand. He was interviewed by the New Zealand Herald.

    Read more

  • Business owners warn of lack of soft-skills among family business advisors

    19.03.13

    Research commissioned by the Society of Trust and Estate Practitioners (STEP) and the Institute for Family Business with UCG (IFB) has revealed that family business owners do not feel that traditional technical qualifications alone are sufficient for a competent family business advisor, citing the ability to effectively deal with various personalities in a complex family situation as being equally important.

    Read more

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Our ever-growing community consists of a dynamic and comprehensive network of professional advisors as well as providers of products and services to help support families in business. From trained and accredited accountants and lawyers through to marketing consultants and HR specialists.

 
 
 

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