Results from the 2008 NatWest/BFA franchising survey confirm that there are approximately 809 active franchise businesses generating £12.4Billion in revenue. Surprisingly, only 324 systems (40%) are active members of the British Franchise Association (BFA).
Of those franchisors that are part of the BFA, they are governed by a code of ethical conduct which comprises the European Code of Ethics for Franchising and the BFA's own "extension and interpretation" of the code.
The European code came into effect in 1972 and was drawn up by the European Franchise Federation (EFF), the trade body of the national franchisors' associations within Europe. Each country has the opportunity to add its own extensions and interpretations, subject to the approval of the EFF.
Visit the European Franchise Federation Internet site, to read the full text of the European Code of Ethics for Franchising. For the British Franchise Association Code of Ethical Conduct: Extension and Interpretation, go here.
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