In Europe, this unique category plays a vital role for the economy:

  • Family businesses account for an important part (on average 40 – 50% of all jobs) of European private employment.
  • Family businesses reinvest profits responsibly preferring equity as opposed to debt financing.
  • Act as responsible owners because of their long-term strategy towards stakeholder interests, including employees, customers, shareholders and local communities.
  • Transmission of family values with a high sense of social responsibility.
  • Special concern for the local or regional base.
  • Natural incubators of an entrepreneurial culture, they foster the next generation of European entrepreneurs.
  • Stewards of social and economic capital from one generation to the next.


* Data taken from Overview of Family Business Relevant Issues’ Kmu Forschung Austria Report (January 2009), Statistical Pilot Project on Family Businesses from the EC (2016) and individual statistical offices from different Member States.