Enhance the Competitiveness and Sustainability of European SMEs through succession procedures and models
Background and Project Description
Statistics reveal that succession of business ownership between generations can be a life-or-death situation for many companies in Europe: only 30% of family-owned businesses survive the transition to a second generation while only 10% of them can overcome the transition to a third generation.
Success Road will address this challenge by helping manufacturing companies of the textile, clothing and footwear sectors prepare and manage their succession, both in the context of family successions and when selling to third parties.
The project overall objective is to help project national and regional authorities implement policies and new succession measures in their operational programmes so that SMEs can better face the succession phase and secure their future after a change of ownership. Working to strenghen the overall sustainability and long-term viability of Euro-pean SMEs will further contribute to the growth of the economy by preserving jobs and boosting economic growth.
Objectives
Expected Outcomes
The European Commission’s support for the production of this publication does not constitute an endorsement of the contents which reflects only the views of its authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.
Duration: Aug. 2019 - July 2022
Budget: € 859.840 (80% EU financed)
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