In line with the Social Economy Action Plan (SEAP), this call for proposals is financed under the Employment and Social Innovation ("EaSI") strand of the ESF+ .
From the call's guidelines:
Migrant inclusion remains a priority across the European Union (EU). Integration challenges, such as access to basic services, education and employment are mainly manifested in urban areas where migrants are predominantly concentrated. Tailored approaches, multi-stakeholder partnerships and the use of innovative financial instruments are required to support migrant integration in EU member states.
The European Commission published a new call for proposals on “Social innovations for a fair green and digital transition” under the EaSI strand of the European Social Fund+. The 10-million-euro program will support the implementation of the European Pillar of Social Rights, funding 15 to 20 projects. Funded projects will develop and test integrated and inclusive social innovation approaches to promote a fair green and digital transition.
Activities to be funded include:
The present call for applications lays down the detailed specifications to apply for Bilateral Cooperation Initiatives.
The EaSI Guarantee Instrument is funded from the EaSI Programme and is specifically dedicated to microfinance and social entrepreneurship. One of its key objectives is to increase the availability of and access to finance for vulnerable groups wishing to launch their own enterprises, micro-enterprises and social enterprises, both in their start-up and development phases.
The European Investment Fund (EIF) and the European Commission recently announced a new initiative to help micro-credit and social enterprise finance providers develop their businesses under the EU Programme for Employment and Social Innovation (EaSI).
The objective of this instrument is to build up the institutional capacity of selected financial intermediaries that have not yet reached sustainability or are in need of risk capital to sustain their growth and development.
As part of the policy response to address the economic disruption caused by COVID-19, certain measures are made available to Financial Intermediaries to provide dedicated support to micro-borrowers, microenterprises and social enterprises. These Support Measures enhance the availability of finance to EaSI target final recipients. The COVID-19 Support Measures shall consist, in principle, of an increase in the risk taking capacity of EaSI Guarantee through the amendment of certain terms of the instrument.
As an implementing partner of InvestEU, our portfolio guarantee products support investments for EU’s policy priorities over the period 2022-2027. The EIF, in its role of a guarantor, provides credit risk protection through portfolio (counter-) guarantees to selected financial intermediaries.
These are provided in the form of a capped or uncapped guarantee, and shall partly cover the credit risk of eligible debt financing transactions granted to predefined categories of final recipients and included for coverage in the portfolio(s).