“This research adds to a growing body of evidence showing that changes to Business Property Relief are having real-world consequences for family-owned businesses and the wider economy.”
“Family Business UK has consistently warned that these reforms risk undermining the very businesses that drive long-term investment, create skilled jobs and sustain local economies. It is particularly concerning to see so many family-owned manufacturers reporting that succession plans are being disrupted and that investment decisions are being delayed as a result.”
“Manufacturing is a sector built on long-term thinking. Family-owned manufacturers invest across generations, not electoral cycles, and their contribution to Britain’s economic resilience, industrial capability and regional prosperity cannot be easily replaced.”
“The finding that some business owners are considering selling, including to overseas buyers, should give policymakers pause for thought. At a time when the Government is rightly focused on economic growth, reindustrialisation and strengthening UK supply chains, we should be creating the conditions for family businesses to invest and pass ownership successfully to the next generation, not making that transition harder.”
“We urge Ministers to listen carefully to the concerns being raised by manufacturers and review the proposed reforms to Business Property Relief before more damage is done. Family businesses want to invest, grow and contribute to the UK’s future success. Government policy should support those ambitions, not stand in their way.”