A survey of businesses across Northern Ireland has revealed a gap in succession planning
A snapshot survey of 100 businesses across Northern Ireland has revealed a significant gap in succession planning, with less than one in ten respondents reporting that they have a formal written succession plan in place.
The survey, carried out by Employee Ownership Ireland, found that while 67% of respondents had considered succession planning, only 8% had developed a documented plan for the future of their business.
Employee Ownership Ireland is encouraging business owners to begin succession planning discussions well in advance of any intended transition and to explore the full range of options available to them.
Many of the businesses who responded to the survey have been operating successfully for more than a decade. They provide local employment, contribute to their communities and have built strong reputations. Without proper planning, there is a risk that these valuable businesses, jobs and expertise could be lost.
Further research into succession planning is planned in partnership with local universities and stakeholders.
Read the report.
Succession planning and employee ownership guidance
The Department for the Economy supports fully funded feasibility studies through Employee Ownership Ireland.
Employee Ownership Ireland can help businesses plan ahead, explore their options and learn more about fully funded feasibility study support to discover if employee ownership is right for them.
Read more on succession planning and employee ownership.
First published 25 June 2026
