European Commission launches a Call for proposal to boost the development of the demand and supply of social enterprises finance
On December 5th the European Commission launched a call for proposal to support actions to boost the development of finance markets for social enterprises under the EaSI strand of the European Social Fund plus program (EaSI strand ESF).
Objectives of the call:
The objective of this call is to develop feasible, suitable and reliable schemes or funds providing finance to social enterprises as well as to support structures providing business development services and networking facilities to improve social enterprises' investment readiness. This call is an opportunity to foster the cooperation between public and/ or private entities to ease access to finance for social entrepreneurs and to develop the investment readiness of social enterprises to ensure social enterprises are able to apply for repayable finance.
The project will bring together the supply and demand side actors to facilitate the creation of financial instruments and to prepare social enterprises for investments.
Actions under the call:
Under the call key partners such as investors, financial intermediaries and support organisations will cooperate to set up a financial instrument and investment readiness programme for social enterprises who need investments under € 500 000.
Scope: The call is open for actions to be carried out in ESF + eligible countries.
Duration: the projects should last between 24 and 36 months.
Amount: the overall budget is € 3 000 000, projects budgets will range between € 300 000 and € 400 000 ( per project).
Deadline: the call for proposal is open until March 14, 2024.
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