One of the UK's most vibrant markets
With franchising in Scotland demonstrating continued growth, the British Franchise Association previews Scottish Franchise Week
Franchising in Scotland
The Scottish franchise market is one of the most vibrant in the UK. Franchising makes a substantial and growing contribution each year to the Scottish economy. Figures taken from the annual NatWest/British Franchise Association (bfa) survey highlight that Scotland is seeing growth in not only the number of franchised units indexed on population but also in the implied turnover that franchising generates. From the 2006 survey the Scottish franchise sector has an annual turnover of approximately £0.8 billion.
The growth in Scottish franchising is again highlighted this year during Scottish Franchise Week 2006. The week of events, which celebrate franchising in Scotland, runs from May 29th to June 4th and includes seminars, networking opportunities and the Franchise Exhibition in Glasgow. The bfa Franchise Group for Scotland has worked towards ensuring that this year's event builds on the success of Scottish Franchise week 2005.
Key events during Scottish Franchise Week include:
The Business Breakfast was a vital part of Scottish Franchise Week 2005 and the 2006 meeting, which is sponsored by Lloyds TSB Scotland, is set to surpass last year. Over 200 delegates including franchisors, businesses considering franchising, business advisors and leading franchisees will come together for this franchise based networking opportunity.
During the Business Breakfast a local school will give the results of a discovery franchising project. The programme will also feature keynote speakers including a leading Scottish franchisee and a renowned Scottish entrepreneur.
The Franchise Group for Scotland Business Breakfast 2006 takes place on Friday 2nd June with a prompt 8am start.
The British Franchise Exhibition - GLASGOW
The climax of Scottish Franchise Week 2006 and the ideal place to see the breadth of opportunities available to prospective franchisees, the exhibition is held at the SECC on the 2nd and 3rd of June. Last year's show saw thousands of visitors attend the event and over 60 franchise systems on display. The bfa runs educational seminars throughout the two days, which give an insight into franchising for prospective franchisees and highlight the route to franchising an existing business for prospective franchisors. By attending an exhibition you will be able to meet and discuss your suitability with a number of franchisors with the convenience of one location. The value to your research process in attending these events should not be underestimated.
Figures taken from the 2006 NatWest/bfa survey show that more than half of all franchisees attend an exhibition and/or seminar on franchising before making their decision. Taking part in a structured seminar will allow you to better understand franchising concepts and jargon, and receive advice on methods of evaluating franchised businesses. Details of educational seminars running in Scotland can be found on the Scottish Franchise Week website.