A new KPMG study shows more than 60% of family owned businesses are finding it difficult to generate investment through external finance.
Stockport has a strong core of family owned businesses with many passed down generations and growing number of more recent family startups. On a global scale family businesses contribute to over 70% of the global GDP1
The report released by KPMG identifies an underutilised option to involve HNWI’s many of whom have family business experience along with the required investment capital. On a global scale its estimated there are 14 million HNWI’s2 with over $53 trillion of wealth3 and maybe looking to invest in family run businesses.
The survey identifies the similarities and priorities between HNWI’s and Family owned businesses showing much synergy.
Other findings in the survey show 44% of HNWI’s have previously invested in a family business with over 90% having a positive experience.
Read the full report from KPMG here
Source
1 the family firm institute.
2 Wealthmanagement.com – Where in the world do the rich live
3 Capgemini World Wealth report 2014