SOTA Review

What is the social-economic contribution of family firms in the UK? A review of the evidence.

ERC SOTA Review No 45

Associated Themes
  • Diversity
  • Finance

In this review, we present a summary of the evidence on the social-economic contributions that family businesses make to the United Kingdom (UK). First, we explore the research on the economic contributions that family firms make, before exploring the ways in which family businesses contribute to the social fabric of the areas in which they operate. Finally, we argue that there is a gap in the evidence in relation to the interlinked nature of the social-economic contributions made and the need for a wider, holistic view of the way family businesses contribute to society.