TOYE KENNING & SPENCER URGES MPS TO SUPPORT FAMILY BUSINESSES
Wednesday 30 March 2011
Founded in 1685 and still family-run, Toye Kenning & Spencer is joining the campaign to support and promote the family business sector. It is calling on local MPs, Shabana Mahmood [Birmingham, Ladywood], Dan Byles [North Warwickshire] and the Rt. Hon Frank Dobson [Holborn & St. Pancras] to join the new All-Party Parliamentary Group for family business, the inauguration of which is taking place on 28 March.
The new All-Party group will undertake a number of activities to truly understand the issues facing family firms including site visits, briefings with the owner managers and an annual reception at the House of Commons.
“Family businesses are key contributors to the economy and our communities, generating income, creating employment and showing a commitment to local areas,” explained Fiona Toye, chief executive of Toye Kenning & Spencer. “Seeing ourselves as custodians of the business we value highly the talent within the company, our imaginative designers inspiring our craftsmen and women, who are experts in weaving, gold and silver wire and lace making, embroidery and enamelling. We have also sustained the culture of reinvestment, recently having renovated the front of our Jewellery Quarter / Bedworth-based manufacturing facility to create a stylish display and retail area.”
Toye Kenning & Spencer is also urging it’s local MPs to sign an Early Day Motion recognising the role of family businesses in supporting employment and economic growth and their value in terms of corporate stewardship and a commitment to social responsibility. The family business sector accounts for one in three jobs in the UK and contributes 30% of GDP.
The All-Party Parliamentary Group is to be sponsored by the Institute for Family Business, the independent, not-for-profit membership association supporting the UK family-owned business sector. The association has a membership of 200 family businesses, with a combined turnover of more than £40bn.