# Family businesses are considered to be better-placed to combat downturn

- Link: https://fundraising.co.uk/2009/03/02/family-businesses-are-considered-be-betterplaced-combat-downturn/
- Published: 2009-03-02T14:31:16+00:00
- Author: Finbar Cullen

I see from the latest (free) newsletter from Wealth Bulletin that family businesses
are considered to be better-placed to combat downturn. A new report written by the
Economist Intelligence Unit on behalf of Barclays Wealth was based on two main strands
of research. The Economist Intelligence Unit conducted a survey of 2,300 affluent
and wealthy investors with investable assets ranging from £500,000 to over £30 million.
Among the 2,300 respondents, almost 300 were family members within a family business.
The family business respondents were distributed internationally, with around 80%
in Europe and Asia-Pacific, and the remainder in North America, and Middle East 
and Africa, and were spread across a wide variety of sectors, including retail, 
construction, financial services, agriculture, energy and utilities, and IT and 
telecoms. Almost one quarter have liquid assets in excess of £10 million.

 

The report also mentions philanthropy, and one Etienne Eichenberger, (founder of
wise www.wise.net), an advisor to wealthy families on their philanthropic aspirations.
Eichenberger says that donors in Europe differ in their approach to evaluating the
impact of their donations. “I think there is a more statistical approach to evaluating
donations in UK”. Eichenberger also reports that there is a big drive by family 
business owners to have their next generation involved in philanthropy. You can 
download the report from www.barclayswealth.com

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Finbar Cullen

 

Research**Plus**

 

 * **[Forbes Rich List, Sunday Times Rich List and doing it yourself …](https://fundraising.co.uk/2009/03/12/forbes-rich-list-sunday-times-rich-list-and-doing-it-yourself/)**(
   12 March 2009)
 * **[High Net Worth Individuals](https://fundraising.co.uk/2009/04/01/high-net-worth-individuals/)**(
   1 April 2009)
 * **[Russell New Corporate Social Responsibility Index](https://fundraising.co.uk/2009/04/03/russell-new-corporate-social-responsibility-index/)**(
   3 April 2009)