THE BRITISH FRANCHISE ASSOCIATION
THE UK' S VOLUNTARY S ELF - REGUL ATING GOVERNING BODY FOR FRANCHI SING
PIP WILKINS Chief executive, bfa
Figure it out New bfa NatWest Franchise Survey reinforces strength of franchising
T
he much-anticipated 2018 bfa NatWest Franchise Survey has revealed record growth within the
franchising sector. The previous survey was conducted in 2015, and the prosperity of the industry in the past three years has been nothing short of stratospheric in a number of different ways.
Headline stats: Firstly, the overall contribution to the UK economy has grown signifi cantly, from £15.1billion to £17.2billion. This is the highest economic contribution to UK plc since the reports began, and shows a continual trend of franchising growth, contributing one per cent to the UK GDP. What’s more, 60 per cent of franchise units now turn over more than £250,000. There are now 48,600 franchise units in the UK, up 10 per cent from 44,200, and franchising now employs around 710,000 people, up 89,000 – more than the UK’s three largest supermarket brands combined. Of those employed in franchising, nearly half are part-time and just under two-thirds are female. The number of franchise units has also slightly increased, from 932 to 935.
Multi-unit expansion: Over a third of all
franchisees run a multiple-unit operation, a rise of seven per cent from 2015.
10
Regions are thriving: All regions in England have shown signifi cant growth, plus Wales and Northern Ireland have also seen some of the highest percentage increases in implied annual turnover.
Women and under 30: Nearly 40 per cent of new franchisees in the past two years have been female, up from 17 per cent in 2015. The overall percentage of female franchisees has risen from 23 to 30 per cent. Just over a quarter of new franchisees in the past two years have been under 30. The total number of franchisees falling into
this bracket has increased sixfold since 2015, from three to 18 per cent. Furthermore, of all new franchisees younger than 30, 52 per cent were female.
Work-life balance: Four in 10 franchise systems can be operated from home – particularly helpful for those who fi nd an offi ce-based, nine-to-fi ve role is not ideal. For other insights into the franchising
sector, including detailed drilldowns, the report is available to download on
thebfa.org, or you can email:
mailroom@thebfa.org. l
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