Encouraging Dialogue:

Scotland’s Futures Forum and their strategic partner, the Goodison Group Scotland recently hosted their annual Summit event at the Scottish Parliament. 
In the European Union, one-third of business owners - with some 690,000 businesses, providing 2.8 million jobs in the EU, will retire in the next 10 years. This represents a major demographic challenge. Will the companies currently run by these entrepreneurs survive or die?
The Parliamentary summit explored this important demographic and business issue, including a session, which examined how life- long learning could help improve the sustainability of family businesses and SMEs in Scotland. With representatives from business, education and government agencies- including a number of MSPs- the session aimed to build on a research project initiated last year with two landmark conferences in Edinburgh and Inverness.
Rich data was gathered from the group discussions including ideas relating to policy, learning and development, knowledge transfer and further research. This information will be used to inform the project moving forward. 
Chaired by Sir Andrew Cubie, Director of Scotland’s Futures Forum and Chair of GGiS, Summit delegates heard from both David Watt, Executive Director of IOD and Graham Smith, Economic Development Manager, Glasgow City Council  about the potential tax gain of £1.23 billion if business transfer rates- including business succession – were improved. Empirical evidence also showed that transferred businesses outperform start-ups in relation to survival, turnover, profit, innovativeness and employment.   
The conclusion was that more focus needs to be placed on successful business transfer. Improved infrastructure and support mechanisms can protect jobs, increase employment, widen business ownership via traditional and co-operative business models, maintain existing local supply chains and help sustain and grow the Scottish economy. In this regard, Glasgow City Council is already leading the way in Scotland with its launch of the Glasgow Business Transfer Loan Fund.Encouraging Dialogue:

Business Succession - the sustainability of family businesses and SMEs

Scotland’s Futures Forum and their strategic partner, the Goodison Group in Scotland, recently hosted their annual Summit event at the Scottish Parliament. 

In the European Union, one-third of business owners--with some 690,000 businesses providing 2.8 million jobs in the EU--will retire in the next 10 years. This represents a major demographic challenge. Will the companies currently run by these entrepreneurs survive or die?

The Parliamentary summit explored this important demographic and business issue, including a session that examined how life-long learning could help improve the sustainability of family businesses and SMEs in Scotland. With representatives from business, education and government agencies--including a number of MSPs--the session aimed to build on a research project initiated last year with two landmark conferences in Edinburgh and Inverness.

Rich data was gathered from the group discussions including ideas relating to policy, learning and development, knowledge transfer and further research. This information will be used to inform the project moving forward. 

Chaired by Sir Andrew Cubie, Director of Scotland’s Futures Forum and Chair of GGiS, Summit delegates heard from both David Watt, Executive Director of IOD, and Graham Smith, Economic Development Manager for Glasgow City Council, about the potential tax gain of £1.23 billion if business transfer rates--including business succession--were improved. Empirical evidence also showed that transferred businesses outperform start-ups in relation to survival, turnover, profit, innovativeness and employment.

The conclusion was that more focus needs to be placed on successful business transfer. Improved infrastructure and support mechanisms can protect jobs, increase employment, widen business ownership via traditional and co-operative business models, maintain existing local supply chains and help sustain and grow the Scottish economy. In this regard, Glasgow City Council is already leading the way in Scotland with its launch of the Glasgow Business Transfer Loan Fund.