SUFABU is an EU funded Erasmus+ project that is responding to the needs of European family businesses that currently face a task of intergenerational exchange.
The project aims to create a flexible training system focused on the succession process in family businesses and, at the same time, to raise awareness of the obstacles that family entrepreneurs experience on their way.
Family businesses play a crucial role in sustainable economic development, job creation, regional support and competitiveness of European countries. However, they face several specific obstacles which make it more challenging for them to survive in a long-term perspective. Among others, they face the challenge of transferring the company to the next generation. The SUFABU project’s main objectives are to help family entrepreneurs to manage the succession process successfully and to raise awareness about the necessity of implementing family businesses into state legislation.
The main output of the proposed project is a complex and exhaustive learning platform based on different and complementary learning tools that will provide family entrepreneurs with skills, knowledge and competencies to prepare for intergenerational exchange and enable the transition to be as smooth as possible. Thanks to the training platform, family businesspeople will learn how to plan the process, how the process is handled in different countries, different contexts and different business backgrounds, and what are the possible obstacles which could occur during the process.
The project will:
- Create a summary state-of-the-art analysis on the situation of family businesses in partner countries;
- Compile a set of case studies that will introduce family businesses which have already went through the succession process;
- Develop various training materials combined from OERs and short educational videos;
- Base all materials on an open website.
The project began in October 2019 and will run for 24 months. The consortium is made up from 7 partners from 6 countries including the Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic (CZ), CEDIT – The Centre of Entrepreneurial Diffusion of Tuscany (IT), Dundee and Angus College (UK), Family Business Norway (NO), GEIE European Family Businesses, Institut Inpro (CZ) and On Projects (ES)
Project website: www.sufabu.eu
As part of the first intellectual output of the project, the partners investigated and researched the current state of family businesses, and family business succession planning within their countries. The summary report, which also contains the individual country reports, is available for download by clicking the title above.