Tuesday, September 22, 2020

Shining a light on family business at important annual forum

The Lincolnshire Family Business Forum is a regular event hosted by Streets Chartered Accountants, Andrew & Co Solicitors and NatWest Bank and supported by Business Lincolnshire which aims to recognise the important role that family businesses play in the region’s economy.

After a brief welcome by James Pinchbeck of Streets Chartered Accountants, Jonathan Lowe from Maven Capital Partners and Victoria Copestake from First Enterprise gave a brief insight into their businesses and the funding they can offer.

The session included a panel of Lincolnshire family businesses, including Ruddocks, Micronclean, Oldrids and The Wilson Organisation (hosts of The Midlands Family Business Awards).

The panel members shared openly the challenges faced in ensuring the success and continuity of a multi-generational business.

Delegates heard about how leadership and management transferred from one to another generation; and how those charged with sustainability responded to changing markets and business practices.

Attendees also learnt more about the role of recruiting none family members at Board level and how business balance growth whilst at the same time retaining the core family values for enterprise.

Delegates, some 50 representatives of  family businesses, also heard  from Jonathan Lowe from Maven Capital Partners and Victoria Copestake from First Enterprise about the funding that is available to family businesses from the Midlands Engine Investment Fund.

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