JJ Smith celebrates National Family Business Day in the UK

Family businesses form the bedrock of the UK's economy. They account for a staggering 88% of all private sector firms, employing over 12 million people and contributing billions of pounds to the national GDP. These businesses span a diverse range of industries, from small local shops and restaurants to large multinational corporations, showcasing the breadth and depth of family entrepreneurship.

One of the hallmarks of family businesses is their ability to adapt and thrive through economic cycles, technological advancements, and societal changes. This resilience is often attributed to their long-term vision, strong values, and deep community ties.  Unlike publicly traded companies, family businesses tend to prioritise sustainability and legacy over short-term profits, ensuring their longevity.

National Family Business Day is an opportunity to celebrate the success stories of family businesses across the UK.

J Smith, a fourth-generation woodworking machinery company that has been a cornerstone of British industry since its founding in 1923, proudly adds a new chapter to its remarkable history this year with the prestigious accreditation of the King’s Award for International Trade, a testament to its excellence in expanding its operations and influence beyond UK borders.

JJ Smith’s journey from a modest family-run operation to an internationally recognised business is a story of resilience, innovation, and an unwavering commitment to its founding principles. Over the past century, the company has evolved and adapted, successfully navigating the challenges of a rapidly changing business landscape while staying true to its core values of quality, integrity, and customer service. Today, JJ Smith stands as a beacon of what family businesses can achieve, blending tradition with modernity to remain competitive and relevant in the global market.

On National Family Business Day, communities across the UK come together to celebrate the achievements of family businesses, with plenty of activities on social media using the hashtag #GBFamilyBizDay and in person events including a National Family Business Day Dinner all aimed at highlighting the positive impact of these businesses on society.

Paul Andrews, CEO of Family Business United, emphasises the day's significance:

"National Family Business Day is a vital opportunity to shine a light on the remarkable contributions of UK family firms. These businesses are the backbone of our economy and our communities, and their dedication and hard work deserve recognition."

"We celebrate the resilience and innovation of family businesses, and we are committed to supporting them in navigating their unique challenges. This day is a testament to their enduring legacy and an affirmation of their crucial role in our society and it is a fantastic day to celebrate their impact on the national economy too."

“We champion and celebrate the family business sector each and every day but the creation of a national day that shines a spotlight on the sector for all to see really does amplify the family business voice across the nation.  Family firms really do put the GREAT into Great Britain."

Rachael Baker, Managing Director of JJ Smith and a fourth-generation family member, expressed her pride in the company’s accomplishments and its long-standing commitment to excellence. "We’re proud to be supporting and championing family businesses, not just on 19th September but every day! As a family business, we have always valued our heritage while embracing innovation and growth, and receiving our recent King’s Award for Enterprise not only honours our past but also inspires us to continue pushing boundaries and contributing positively to the communities we serve."

Find out more about National Family Business Day and the work Family Business United does to champion family businesses at www.familybusinessunited.com