Two co-operative apexes have signed a joint letter urging the European Commission to prioritise business transfers – including worker buyouts, which suffer from a lack of recognition in most member states.
The joint letter was written as the Commission works on the forthcoming Single Market Strategy and the EU Start-up and Scale-up Strategy.
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The letter suggests that the Commission adopt a new recommendation on business transfers along with coordinated policy actions. Recommendations include undertaking and coordinating a comprehensive data collection effort across member states on all types of business transfers; establishing an EU-wide business transfer barometer; and developing a strategy to prepare entrepreneurs for taking over or handing over a business.
Read the rest at Co-operative News
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