Family firms across the region are being asked to join the campaign to celebrate all that is great about the family business sector by supporting Yorkshire Family Business Day today.
Family businesses the length and breadth of the county can get involved by sharing their pride and demonstrating their family ownership via a social media campaign using the hashtag #YorkshireFamilyBizDay and posting banners/pictures on social media stating their pride in being one of the family firms in Yorkshire today.
Paul Andrews, founder of Family Business United, (FBU) who launched the campaign to give family firms the support and recognition they deserve, said: “There are over five million family firms across the UK and not only do they employ significant numbers of people, generate significant tax revenues and support local communities, they are the backbone of the UK economy, and with over 370,000 in the region they make a massive contribution to the Yorkshire economy too.
“All too often the endeavours of the family business sector are dismissed in favour of their non-family counterparts and the aim of Yorkshire Family Business Day is to champion the sector, put family firms on the map and help to dispel the myths surrounding the family business sector.”
As part of the day, legal firm Lupton Fawcett are hosting a networking lunch for the region’s family business leaders. Local family business owners will share insights into their journey into the business and give an outlook on some of the challenges they are currently facing and how they are dealing with them.
In the evening, FBU is running a behind the scenes tour at Sound Leisure, one of the last two remaining traditional jukebox manufacturers in the world.
Established in 1978 in Leeds, the third-generation family business exports 75 per cent of their machines, many of which are homed in some of the world’s most prestigious venues. Chris Black, MD will share the history of the business during a factory tour and networking reception to bring Yorkshire Family Business Day 2020 to a close.
Yorkshire is blessed with such a diverse family business sector ranging from some of the largest employers in the region such as well known brands Bettys, William Jackson, Bagnalls, Shepherd Group, Arco and Harrison Spinks to others including Neill & Brown, Potter Group, Keelham Farm, Slingsby Gin and Lottie Shaws , all of which play their part in putting Yorkshire on the map.
Paul Andrews added: “We have created a day for all Yorkshire family firms to be proud of and by providing them with the resources needed to get involved are looking forward to a day of celebration that will undoubtedly put family firms on the map.
“2019 saw a phenomenal amount of pride being demonstrated by family firms across the county with a great volume of social media traffic and the plan is to make 2020 an even bigger celebration. Family businesses in Yorkshire deserve all the support and recognition they get and we are proud to be championing this initiative to put them on the map.”
Amanda Simmonds, senior associate at Lupton Fawcett, said: “We’re delighted to be hosting a lunch that recognises and celebrates the successes of Yorkshire’s family firms and the substantial contribution they make to the regional economy.
“Their achievements are down to a combination of entrepreneurial flair and hard work. Many will have experienced highs and lows along their business journey. Whether its tax, shareholder agreements or succession planning, our aim is to enable family business owners to focus on what they do best by building the right team and advice around them.”