In January, the EU co-financed SPRING project was officially launched to help family businesses reach their full potential.
EFB, along with 10 other partners from across the EU, officially launched in January this year, the SPRING project. SPRING, will aim to help EU family businesses to fulfil their potential, by offering them a complete package with the necessary training, mentoring, support and guidance in the areas of:
a) Smooth succession and business continuity, accounting for multi-dimensional factors (leadership, management, governance ownership, legal issues), through failed and successful cases;
b) Strategy for growth and internationalisation, built on innovation and regeneration;
c) Development of entrepreneurship, intrapreneurship and interpreneurship across generations, converging the entrepreneurship and family business training content, promoting a start-up culture and innovation-based growth mindset within family businesses, while considering other strategies besides succession (exit strategies, external investors coming in, etc.);
d) Inclusive and responsible family business acts to ensure they adopt not only CSR practices but the full cycle, to maximise value creation for all involved stakeholders, promoting inclusive entrepreneurship among the next generation members and female leaders.