There is a prevailing trend from within the EFB membership that the COVID-19 pandemic has increased the speed of the succession process for many businesses globally. 

As a continent, Europe needs to recognise that the transfer of business represents a huge opportunity for growth, resilience and recovery. The next generation of business owners are ready and willing to take over and are prepared to drive the sustainable and digital transition that our continent needs for the future. To ensure that we give the next generation the best chances of succeeding, we need a strong legal and regulatory framework for these business transfers to occur.

The next generation will drive the recovery. These are the entrepreneurs that will create the jobs of the future and commit to the inclusive, sustainable growth that Europe needs.