2017 has been an exciting year in the world of UK franchising. Some of the most widely-appreciated developments in franchising during the past year have been the opening of the first UK Tim Hortons store and the announcement of the first UK Denny’s diner, which will open later this month. The industry at large continues to thrive, with more businesses deciding to maximise their potential through franchising and existing UK franchises enjoying rapid expansion. As the year draws to an end, those involved in franchising begin to wonder what 2018 may have in store for them.
The changes which are underway in the country’s political landscape are naturally at the forefront of many people’s minds. While franchising has been able to survive even the most difficult of economic situations, the announcement of Britain’s departure from the EU has raised many questions that currently seem unanswerable. However, the fact that most franchises in the UK are UK-based and the resilience of the industry in the past suggests that the negative effects of Brexit on franchising, if any, will be minimal, and a number of other developments are taking place which suggest that any changes in British franchising that happen in the coming year will largely be positive ones.