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Did You Know?

Approximately

60%

fail to plan formally for succession

 

Family businesses generate

£81bn

per annum of UK tax receipts

 

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)

 
Directory

professionals & suppliers

With 75% of all private enterprises in the UK being family-run businesses it makes sense to understand the complex issues they face.

ICFIB takes professionals,  advisors and providers of services through a series of workshops, which include an introduction to working with family businesses, governance and succession planning.

Formal accreditation assists professional practitioners and their organisations to identify, develop and formulate their own family business strategy. We work closely with these advisors to ensure they develop specialised skills to facilitate working specifically with families in business.

Member status of ICFIB is available only to those that offer a strategic service to their family business clients and have a demonstrated commitment to the sector. There is strict criteria for Professional Members and they are required to show evidence of their continual development, knowledge, experience and understanding in order to retain membership.

By enhancing an advisor’s knowledge in understanding the differences and challenges faced by a family business, a professional who is a Professional Member of ICFIB has a unique and distinct edge in a very competitive market place.

Family businesses benefit from their advisors having a better understanding of the dynamics in their family and business.

Professional Members become the ‘advisor of choice’ for family businesses

 
 

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