Recent Release | 30 Jun 2021
The State of the Nation: The UK Family Business Sector 2020-21
Economic Consulting Team
Oxford Economics
The family business sector is vital to the UK economy. This report presents key insights into the UK family business sector and quantifies its economic importance.
Family-owned firms made up the majority of private sector businesses in the UK. There were 5.2 million businesses that were family-owned in 2019, which was 86.2% of the total. They contributed £637 billion to UK GDP. We estimate that family firms employed over 14.2 million people and paid £205 billion in tax receipts.
This new report investigates the family business sector’s characteristics and the challenges they perceived they faced. It explores whether family ownership of a firm affects its use of technology. We found no evidence that family firms in 2019 were less likely to use technology than non-family owned firms once other factors had been taken into account.
About the team
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. The lead consultant on this project was:
Andy Logan
Director of Industry Consulting
+44 203 910 8051
Andy Logan
Director of Industry Consulting
London, United States
Andy Logan leads our Consultancy offer on different industries for clients. He undertakes studies forecasting the demand for company’s products, analysing the drivers of different industries growth, and assessing the size of different markets and industries. He also investigates the competitive pressures and opportunities facing industries now and in the future. Another area, where he has a keen interest is in studies assessing the demand and supply of labour for different industries and occupations, identifying potential skill shortages and implications for migration.
He has worked with clients in most industries, and in many countries of the world.
Prior to joining Oxford Economics, Andy worked in a variety of economist roles at the Bank of England for 15 years. His research focused on the labour market, commodity and producer prices, UK trade flows, and the performance of UK banks. He holds an MSc. and BA. degrees from the universities of London and Leicester.
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