Majority of family-owned businesses planning to hire new staff

Taxation was ranked as the number one concern of the sector, with high levels of Capital Gains Tax and the Capital Acquisitions Tax acting as key obstacles to growth

Family firms have mixed views on the future of the workplace environment, with 41% planning for a full return and another 41% anticipating a hybrid model.

Some 80% of family owned-businesses in Ireland are likely to create new jobs in the next 12 months with 60% of businesses feeling more optimistic about the future compared to three months ago.

The results come from the National Family Business Sentiment Report which provides an insight into the current sentiment of business owners who employ nearly 1m people across Ireland.