Scottish Franchise Sector on Target to be Worth £1bn by 2020

Scottish franchising will be worth an estimated £1bn by 2020.  That’s the prediction made by the British Franchise Association (bfa) as it announces its plans for its annual Scottish Franchise Week, which takes place 24-25 April 2018.

The sector is booming in Scotland, with the latest bfa NatWest survey (2015 survey published January 2016) showing that the implied annual turnover of the sector had increased to £0.8 bn, a 14% increase from the last survey in 2010.  According to the survey some 43% of all franchise systems operating across the UK are currently active in Scotland.

A highlight of the week is the eagerly anticipated Scottish Business Breakfast that attracts hundreds of delegates from both the franchise and broader business worlds.   This will take place at The Grand Central Hotel on 25 April and feature keynote speaker, Iain MacRitchie.  Iain is a Glasgow-born serial entrepreneur and philanthropist.  His career has taken him across the globe, having led the turnaround and transformation of 18 companies as chairman or CEO and as a trusted advisor to 100 others.  Instrumental in leading change in organisations with 50 to 5,000 employees and also having led three start-ups, Iain has an amazing track record in helping develop successful teams and individuals to realise their full potential.   

More recently Iain has turned his skills to social enterprise, setting up a charitable foundation in Glasgow in 2006. He has dedicated five years as a full-time volunteer to lead and develop the transformational MCR Pathways mentoring and talent development programme. He has worked with over 700 disadvantaged young people in Glasgow to help them overcome challenging circumstances.  Iain’s business and charity journey promises to be both entertaining and inspirational.  A panel discussion will follow featuring franchisors and franchisees that will explore the benefits and challenges of franchising.

2018 will see the launch of Franchise Opportunities Scotland, taking place immediately after the Business Breakfast. This unique networking event, organised in association with the bfa, will offer budding entrepreneurs the chance to discover some of the most exciting franchise brands in Scotland.

Attendees will be able to meet with a wide range of bfa-accredited franchises to gain an in depth understanding of the opportunities available in this booming industry. A series of expert-led presentations will shine a light on what to consider when investing in a franchise, and advisers will also be on hand to offer a wealth of free impartial advice to help visitors make franchising their future. More information and free tickets are available now at www.ScottishFranchise.co.uk 

Two educational seminars will be running during the week. On Tuesday 24 April a prospective franchisee seminar will take place at Wright Johnston & Mackenzie in Glasgow, where the public can find out more about what franchising involves with impartial information and advice.  For those businesses thinking about starting their own franchise, a seminar at Harper Macleod in Glasgow will feature a panel of experts who will offer a comprehensive overview of what factors to consider when starting a franchise.  The seminars are free to attend, for more details please visit www.thebfa.org/events/public-awareness-events

Pip Wilkins, chief executive of the bfa said: “The franchise sector in Scotland is thriving, with a mix of home-grown businesses as well as the big-name international brands. The sector creates thousands of new jobs every year and is a major contributor to the Scottish economy. Many people dream of starting their own business but don’t know where to start.  They may not have a business idea or don’t have the confidence to go it alone but burn with the ambition to be their own boss.  Ethical franchisors offer the proven business idea and support infrastructure to make it possible to achieve their dreams.

She added: “Scotland has a superb and very proactive support network for franchising including specialist lawyers, accountants, consultants and bankers who are there to help franchisees and franchisors succeed.  Many of these experts will be on hand at our free events and I would urge the public to tap into this wealth of advice and knowledge.  Franchising in Scotland is on an upward trend and I believe the growth in the next few years will see the sector achieving £1bn or more in value.”

Main sponsors of Scottish Franchise Week this year are HSBC UK and Platinum Wave, a leading independent bfa-affiliated franchise consultancy.

Andrew Brattesani, UK Head of Franchising at HSBC UK said: “Scottish Franchise Week is becoming an exciting fixture in the franchise calendar and the team at HSBC is pleased to again support the social element of this fixture. David Kerrigan will lead the team in my absence this year in Glasgow.”        

Suzie McCafferty, managing director of Platinum Wave and 2018 chairperson of the Scottish Franchise Forum said: “I love this industry and what it can do for people. Once upon a time I had a shop in Edinburgh selling refillable ink cartridges. Thanks to franchising, and the wonderful support and advice of some of the very people who make Scottish Franchise Week such an incredible success, my business grew to 70 franchised stores across 6 countries. Attending these events could be the key to you finding out if your own business can and should be franchised, or if you should perhaps invest in a franchise yourself. We are very proud to be a long-standing sponsor of Scottish Franchise Week and would encourage anyone who wants to learn more about this fantastic industry right here in Scotland to book onto some (or all) of the events with the bfa!”

For more information about Scottish Franchise Week 2018 or to book places on the business breakfast or free seminars please check out our website: www.thebfa.org/events/public-awareness-events, or call us directly on 01235 820470

For free tickets to Franchise Opportunities Scotland please visit www.ScottishFranchise.co.uk

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