The Free State of Saxony’s directive on regional growth facilitates business transfers by offering investment grants. Another option is offered by Sächsische Aufbaubank (SAB) as part of the federal project for the "Improvement of Regional Economic Structures".
Business transfers can also be supported by means of (active and passive) minority stakes; this is offered, for example, by Mittelständische Beteiligungsgesellschaft Sachsen mbH, an affiliate of Bürgschaftsbank Sachsen. In 2016, it became easier to finance business transfers with more favourable conditions under the founding and succession programme for start-ups, young companies and business transferees.
To make strategic acquisitions simpler in the SME sector, the WMS (Wachstumsfonds Mittelstand Sachsen Management GmbH & Co. KG), a project run by the Free State of Saxony and the Saxon savings banks, is involved in succession-related corporate takeovers.
What will happen to the company when the boss retires? Saxon entrepreneurs should start looking for suitable successors as early as possible.