Support for the Takeover of Struggling Businesses
The aid for taking over businesses in difficulty concerns the following: safeguarding jobs and industrial facilities in the context of takeovers of businesses in difficulty, by contributing to the overall financing plan of the takeover in collective proceedings to facilitate it. Beneficiaries indicated: SMEs and mid-caps with fewer than 5,000 employees in industry and services to industry, or businesses in any sector of particular interest for the local economy or employment. The amount and terms below come from the catalogue and must be compared with the up-to-date official rules.
Aid for taking over businesses in difficulty: safeguarding jobs and industrial facilities in the context of takeovers of businesses in difficulty, by contributing to the overall financing plan of the takeover in collective proceedings to facilitate it. The catalogue classifies it as territorial aid. The access conditions, accepted costs and availability must be confirmed with the funder before any commitment.
Funded by Région Grand Est
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Who can apply
SMEs and mid-caps with fewer than 5,000 employees in industry and services to industry, or businesses in any sector of particular interest for the local economy or employment.
Eligibility conditions
Detailed conditions to be confirmed in the scheme’s official rules.
What the scheme covers
Takeover projects for businesses whose activity is located in the Grand Est region, approved by a commercial court in collective proceedings. The takeover project must safeguard at least 20 jobs. Eligible costs: the takeover price and costs; additional investments; working capital requirements.
Amount and funding terms
Interest-free loan without collateral, repayable over a maximum of 7 years with a maximum repayment deferral of 2 years, capped at €4,000 per job retained, up to €250,000. It will represent 30% of the takeover financing plan and may not exceed the acquiring business’s equity or quasi-equity. The caps and cost base must be confirmed with the funder before taking any action.
How to apply
Obtain the official form and the up-to-date list of supporting documents from the funder. Check whether the application must precede any commitment of costs.
Timeline
No usable deadline is confirmed. Check the current timetable, any sessions and the opening of the scheme with the funder.
Key facts
- Funder
- Région Grand Est
- Type of funding
- Loan
- Status
- Ongoing
- Maximum amount
- €250,000
- Automatically extracted — check the official source
- Funding rate
- 30%
- Automatically extracted — check the official source
- Geographic scope
- Grand Est
Frequently asked questions
Who can benefit from the “Aid for taking over businesses in difficulty”?
The scheme targets the following profiles: SMEs and mid-caps with fewer than 5,000 employees in industry and services to industry, or businesses in any sector of particular interest for the local economy or employment. The exact criteria and exclusions must be compared with the funder’s rules before considering the business eligible.
Which investments or takeover costs can be accepted?
The scheme mentions: takeover projects for businesses whose activity is located in the Grand Est region, approved by a commercial court in collective proceedings. The takeover project must safeguard at least 20 jobs. Eligible costs: the takeover price and costs; additional investments; working capital requirements. Coverage of goodwill, consultancy fees, stock or cash needs should not be assumed if the rules do not expressly provide for them.
What amount can be requested and in what form?
The information currently recorded indicates: interest-free loan without collateral, repayable over a maximum of 7 years with a maximum repayment deferral of 2 years, capped at €4,000 per job retained, up to €250,000. It will represent 30% of the takeover financing plan and may not exceed the acquiring business’s equity or quasi-equity. Confirm whether the support is a grant, a repayable advance or a loan, as well as the combination rules and the accepted cost base.
When should the takeover steps be started?
No verified application link is available. Contact the funder to obtain the form and the up-to-date list of supporting documents. For a takeover, check carefully whether the application must be submitted before signing, within a period after the takeover or before any costs start.
Official source
No official URL is available in our data for this grant.
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