Family Business Week and supporting local economies and communities
What is Family Business Week?
Family Business Week (25-29 November 2024) highlights the vital contributions of family businesses to the UK economy and communities. Organised by Family Business UK, the week celebrates their resilience, fosters innovation, and addresses key challenges faced by family businesses. The events and campaigns also showcase their achievements and promote sustainable, long-term success.
Our conversation with Improving Lives
Improving Lives is a UK-based charity dedicated to supporting individuals with complex health and social needs. They provide tailored assistance, including mental health support, advocacy, and practical help, empowering people to overcome challenges and improve their wellbeing. By fostering independence and resilience, they create lasting, positive change in vulnerable communities.
Andy sat down with their CEO, Kerry Devine, to discuss the important work the charity does, MHR’s valued relationship with them, and why it's important for businesses to take an active role in reaching out to the local community.
What are the benefits for businesses to support local communities and charities?
Supporting local charities and communities offers numerous benefits for businesses. Firstly, it enhances corporate reputation, showcasing the business as socially responsible, which appeals to customers, partners, and investors. Secondly, it boosts employee morale and engagement; staff often feel proud to work for a company that contributes positively to society, fostering loyalty and productivity.
Additionally, community involvement provides networking opportunities by connecting businesses with local leaders and other organizations, strengthening relationships and creating potential partnerships. It can also enhance brand visibility, as charitable efforts often attract positive media coverage and increase awareness.
Investing in local communities can drive economic growth, benefiting the business itself by fostering a more prosperous and stable environment. Finally, it aligns with corporate social responsibility (CSR) goals, meeting stakeholder expectations and contributing to long-term sustainability. By supporting local charities, businesses not only give back but also secure tangible returns for themselves and the community.
