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United Kingdom · Question · Written question

UIN 76567

Business: Coronavirus

answeredUnited Kingdom· UK Parliament· EN

Introduced

17 November 2021

Last action

25 November 2021 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

25 November 2021

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the role of medium-sized family businesses in supporting growth as part of the recovery from the covid-19 pandemic.

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Timeline

  1. 17 November 2021

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the role of medium-sized family businesses in supporting growth as part of the recovery from the covid-19 pandemic.

    Source: Commons

  2. 25 November 2021

    Answer

    Family run businesses make a key economic contribution to the UK economy. 77% of SME employers1 were defined as family-owned businesses in 2020 (a 3 percentage point increase on 20192) and they have been estimated to contribute 29 percent of UK GDP3. Over...

    Source: Written answer

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