Two-thirds of the UK’s businesses are family-owned. That’s 4.8 million businesses in total, of which over 16,000 are medium to large businesses. The UK is a country (or rather set of countries) with a powerful, long-standing tradition of family-operated companies. Not simply because it’s a nice concept – but because family businesses have remained stable and confident throughout boom and bust. Just under two-thirds of family businesses say they are generating consistent revenue growth. In 2016, family businesses generated a £519 billion gross value added contribution to UK GDP, a 1.5% increase in real terms.