Industry leaders met with 30 UK MPs on October 31 to discuss economic impact of franchising
“Franchising has developed into an important industry encompassing small operations run from home, through to large retail outlets, professional services and even international hotel chains,” says Brian Smart, director general of the British Franchise Association, which organised the meeting.
“Its stability and success rate mean it can provide an ideal route for many to start their own business and take control of their future.”
Smart said he was delighted by the positive response from MPs at the meeting, adding: “There is a real hunger by our MPs to capitalise on what is a sustainable, proven and low risk option for many. Our goal now is to work with MPs to help open up information and advice to many more people that may at the moment be struggling to know where to turn.”
Caroline Dinenage, the MP supporting the reception, said: “I am delighted this event was able to highlight the economic importance of franchising to so many MPs.
“With significantly better success rates than other businesses, the franchise industry is key to promoting job creation, economic growth and an entrepreneurial culture. MPs will now be in a position to encourage this fantastic business model in their own constituencies.”
The bfa is looking to establish a regular two-way exchange of ideas, education, advice and support with MPs across the UK.