Enhance the Competitiveness and Sustainability of European SMEs through succession procedures and models
The project aims at addressing and managing succession in SMEs. The specific objective is to prepare and manage changes in manufacturing businesses succession, meaning both family succession and selling to third parties.
Statistics confirm that succession is usually a problematic situation. Only 30% of family businesses survive the transition to the second generation and only 10% after the transition to the third generation. Succession does not concern only the family. Non-family succession and its support through new European policies must also be proposed.
The challenge is to help Member States implement policies and new succession measures in their operational programs so that SMEs can increase their competitiveness and sustainability in order to ensure their future after changes in ownership, thus, contributing to the overall sustainability and growth of the economy, both through produced economic activity and jobs preservation.
Lead partner: Ministry of Economy and Development (EL)
Project partners: European Confederation of the Footwear Industry (BE), Lithuanian Innovation Centre (LT), AVECAL-Valencian Association of Footwear Entrepreneurs (ES), Hellenic Clothing Industry Association (EL), The Valencian Institute for Entrepreneurial Competitiveness (ES), Mazovia Development Agency Plc (PL).
Project is implemented as part of the Interreg Europe programme and co-financed by the European Regional Development Fund (ERDF) for 2014-2020.
Project’s duration: 1 August 2019 – 31 July 2022 (36 months)
Total project budget: 859 640 EUR
Contacts: Ingrida Tinfavičienė, project’s coordinator, +370 523 56116, email@example.com.