Franchise Industry Contributes £11.8bn To UK Economy Despite Recession

The FINANCIAL:

UK franchise businesses continue to grow and remain robust despite economic conditions, with the industry contributing £11.8 billion to the country’s GDP last year, an increase of £400 million from last year, according to the latest findings from the annual NatWest bfa franchise survey.

The average turnover figures rose by just under 3% on last year’s figure at £335,000 in 2009, with levels in some sectors strengthening as the year progressed. The survey also revealed that compared to the ‘90s recession fewer franchise businesses today are trading at a loss, in 1990 only 70% of all franchise businesses were profitable compared to 89%in 2009. More.

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