FAMILY firms across Wales are setting their sights on expansion following another hugely successful year for the sector.
New research by Oxford Economics for the Institute for Family Business (IFB) Research Foundation reveals the vast contribution family firms make to the UK economy – employing over 11.9 million people and making up 87 percent of all private sector firms in the UK.
There are now more than 190,000 family run firms in Wales making up one in 20 of all family businesses across the UK. Family businesses also account for 92 per cent of all private sector firms in the region – one of the highest concentrations in the UK, including firms such as Watkin Jones, Brains Brewery, Henllan Bread.
Since 2013 family businesses have increased employment by six per cent and turnover has also seen a strong rise, increasing by two per cent to reach £1.3 trillion. In addition, family firms paid £125 billion in taxes and contributed over a quarter (26%) of the UK’s entire GDP.
Speaking about the new findings, Peter Armitage, Chairman of the IFB, said: “The report sheds light on the sheer size and scale of the family business community. It’s an important reminder of how vital family-run firms are to the UK – serving as the backbone of our economy, with family firms making a phenomenal contribution across all sectors, industries and regions.
“Family businesses have always been at the very heart of the UK economy and based on the steady rise in their recruitment and turnover, it is clear they are here to stay. It’s encouraging to see family firms with such a buoyant attitude towards their future expansion – almost half of family SMEs expect to grow over the next two to three years.”
Growth and expansion is a top priority for many SME family firms with just under half (49%) stating they aim to grow over the next twelve months.
Looking to how they will turn this ambition into reality just under a half of firms (43%) say they will invest in improving the skills of their workforce to support growth, with a third (33%) planning to boost productivity through investing in new machinery and premises.
Looking beyond their traditional activities to diversify their business and customer base, 42% of family firms are planning to move into new markets and 37% are developing and launching new products and services.
A level results still high in Ceredigion
THE ‘A’ level examination results published today by the WJEC (15 August) show that high standards are being achieved in Ceredigion schools once again. 97.9% of entries for WJEC examinations were graded A* to E, with 27.9% of the entries achieving the top ’A’ grades.
Ceredigion pupils continue to outperform the Welsh average. More pupils in Ceredigion achieve the top ’A’ grades and A* to E grades. The below table shows a comparison with average Welsh figures. These don’t include Welsh Baccalaureate results and those from examination bodies other than WJEC.
Wales 2019 Ceredigion 2019
Grade A* – A 27.92% 27.0%
Grade A* – B 56.0% n/a
Grade A* – C 77.5% n/a
Grade A* – E 97.9% 97.6%
Councillor Catrin Miles is the Cabinet member responsible for Learning Services. She said, “I would like to extend my warmest congratulations once again to Ceredigion’s sixth form students for their successes in this year’s A Level and AS examinations.
These results are the culmination of a long journey through school life which has seen them nurture and develop the academic and interpersonal skills that will enable them to move confidently into higher education, training or employment in fields of their choice. I wish them good luck for the future and would like to sincerely thank all who have contributed to their school journey in any way.”
MP Ben Lake calls for reform of police funding
HAVING recently shadowed Dyfed Powys Police officers in Aberystwyth, the Ceredigion MP has again urged the UK Government to review the police funding formula for rural areas.
Mr Lake visited Aberystwyth police station as part of the #GiveADayToPolicing campaign, a scheme for Members of Parliament to better understand the challenges currently facing police forces across the UK.
During his visit Mr Lake had the opportunity to experience a variety of aspects of local policing – from spending time with the neighbourhood policing team, meeting officers from different departments, and discussing policing challenges with front-line police officers.
Mr Lake has challenged the UK Government on several occasions to reform the formula for police funding – highlighting the need for the funding formula to take into consideration the seasonal pressures on forces, particularly the significant increase to the population of coastal areas during the summer months.
Mr Lake said: “I am very grateful to the officers of Aberystwyth police station for their welcome, and for taking the time to speak with me. I now have a better understanding of the challenges our police officers face, as well as a deeper level of respect and admiration of their work and commitment to public safety.
“As I have previously stated, we cannot expect a one size fits all approach to work effectively across the whole of the UK, and as such, it is imperative that the criteria used to allocate the Home Office police grant are revised so that they reflect the increased demands and unique challenges facing rural forces in areas such as Ceredigion, especially during summer months.”
Mr Lake added: “It is widely acknowledged that Welsh police forces have suffered under the present funding formula, and so it is high time that the UK Government either amends the formula accordingly, or devolves the responsibility for policing to the Welsh Government so that they may do so themselves.”
New waste trial launched in Aberystwyth
A NEW trial has been launched in Aberystwyth as part of the Caru Aber campaign, to help keep the town centre clean on waste collection days.
Heavy duty sacks will be placed on Aberystwyth streets on Monday afternoons before the black bag collection on Tuesdays in the following streets; Portland Street, Portland Road, Queen Street, Corporation Street, Eastgate Street, New Street and Cambrian Place.
Black bags should be put in the sacks by 8am on Tuesday mornings for collection. The intention is that the sacks contain the waste until it is collected. The sacks will be retrieved after the waste has been collected to avoid clutter and obstruction on the streets.
Councillor Dafydd Edwards is the Cabinet member responsible for Highways and Environmental Services together with Housing. He said: “We see this trial as a practical and relatively cost effective way of responding to long standing issues relating to domestic waste presentation in Aberystwyth town centre. The sacks will also provide a visible reminder to residents in the town centre on what days to present their black bags.
“The trial forms part of the Caru Aber campaign, and the wider Caru Ceredigion campaign, where the council looks to work with local communities to address issues which are of concern or are important to them.
“This innovative approach is another example of positive proactive action the council is taking. We hope that the residents of the town centre will play their part by making good use of the sacks as this will be the critical factor in measuring the success of the scheme.”
Clean recycling and food waste should continue to be presented on a weekly basis in the containers that the council already provides through clear bags and food caddies.
Ensuring that the right waste is presented in the right way and on the right day will help to make sure that the town’s streets are kept clean and that the waste is contained, managed and treated in the most cost effective and environmentally friendly way as possible.
The sacks were first used in readiness for waste collections on Tuesday 6 August 2019. The initial feedback is positive as they have worked to contain the waste on the streets, which were noticeably cleaner.
This latest initiative is developing on feedback and experience from two other trials undertaken. The success of the trial will be monitored on an ongoing basis and reviewed to reflect the experience which will include looking at ways of engaging all residents.
For more information about the new scheme, please contact the Customer Services Contact Centre on 01545 570 881 or by e-mail on firstname.lastname@example.org.
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