Succession Consulting
Grants for external consulting and succession law advice for business succession projects in Upper Austria. Applications possible from 01.01.2024 to 31.12.2025.
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Grant criteria
Funding objective
Funding of external consulting services within the framework of business succession projects to secure business succession, preserve or create jobs, strengthen competitiveness, and contribute to sustainable growth.
Eligible expenses
- External consulting costs
- Legal advisory costs
Eligible to apply
- Companies
Funding requirements
- SMEs (according to EU definition) and membership in the Upper Austria Chamber of Commerce
- Planned or completed business succession or transfer in Upper Austria
- Successor must not have been exclusively economically self-employed in the same industry in the last 6 years prior to the project
- At least 25% shareholding and function as managing director in companies
- Module 1: Application before external consulting, consulting before or up to 72 months after takeover, no double funding
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Description
Succession consulting in Upper Austria supports small and medium-sized enterprises (SMEs) in the planning and implementation of business takeovers. The focus is on external consulting services (Module 1) as well as specialized succession legal advice provided by the Upper Austrian Chamber of Commerce (Module 2). The funding promotes sustainable securing of business succession, the preservation or creation of jobs, strengthening competitiveness, and contributing to lasting growth. The funding is provided in the form of a non-repayable grant with a funding rate of up to 80% of eligible expenses, but no more than 500 euros per application. Applications can be submitted from 01.01.2024 to 31.12.2025.
Eligible to participate are SMEs according to the EU definition that are members or become members of the Upper Austrian Chamber of Commerce and demonstrate a verifiable need for consulting within the framework of a business succession or transfer. Successors must not have been exclusively economically self-employed in the same industry during the six years prior to the project. For companies, a minimum shareholding of 25% and the role of managing director are required. Module 1 requires that the application be submitted before the start of the external consulting and that the consulting takes place no later than 72 months after the takeover. Module 2 – the legal advice – requires a personal contribution of at least 125 euros, while the State of Upper Austria and the Chamber of Commerce each contribute up to 250 euros. The program makes an important contribution to making succession projects more attractive and securing the long-term viability of Upper Austrian companies.