European Family Businesses represents over 1 trillion Euros in aggregated turnover in Europe, 9% of the European Union’s GDP, and more than 5 million jobs. Family businesses make up more than 60% of all European companies, and they account for about 40–50% of employment, encompassing a vast range of firms of different sizes and from different sectors.
EFB aims to:
- promote a full understanding of the key role of family-owned enterprises in Europe’s economy
- press for policies that will support the creation of a level playing field for family businesses
- ensure that the economic framework is favourable to family businesses
- ensure recognition of their contribution to the entrepreneurial culture and social cohesion in Europe
- represent and support the next generation of entrepreneurs.
Serving the needs of family businesses
As a global network of professional firms providing Audit, Tax and Advisory services in 156 countries, KPMG has been working with family businesses for more than 100 years. KPMG offers services to help family firms with critical issues such as governance, succession, growth, assurance, exit strategies, philanthropy, and wealth preservation.
Thanks to this long-term collaboration, European Family Businesses and KPMG can better serve the interests and needs of family businesses. By providing research and valuable knowledge, both organizations will help family businesses grow and secure their long-term prosperity.
Family-owned businesses make a vital contribution to global and national economies. They also face their own unique challenges. This new alliance will contribute to create a framework where family-managed organizations can flourish.
Family business issues in Europe
Roger Pedder, President of European Family Businesses:
“EFB exists to represent family businesses everywhere by promoting a level playing field for family business compared to other forms of enterprise, and to have a regulatory environment that is conductive to long-term entrepreneurship. We look forward to working with KPMG on actions to create a family-business friendly environment.”
Family businesses have a significant role to play in the strength and dynamism of the European economy. Family-owned companies have specific needs, and we are very proud to work with EFB to support them in their challenges and to help promote family business issues at the European level.