As the National Franchise Exhibition at the NEC in Birmingham is just around the corner, we explore why our enthusiasm for the UK franchising industry is continuing to bloom.
Franchising contributes £12.4 billion to the UK economy and provides jobs for an estimated half a million people working in the franchise industry.
Four out of five franchisees feel that being part of a franchise has given them a competitive advantage in the last year, when compared with similar businesses that are not franchised. The recent bfa HSBC Franchisor of the Year Awards revealed just how much franchisors are doing to support their franchisees. All finalists displayed a wealth of expertise in what excellence means in practice.
HSBC has supported franchising for over 25 years, and our approach to providing finance has remained consistent. In 2010 we doubled our lending for franchisees compared to 2009, and we are looking to further build on this record performance. More.