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Call: Transaction cost support for social enterprise finance

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Programme
Acronym EaSI
Type of Fund Action programme
Description of programme
"EaSI - Programme for Employment and Social Innovation"

The Employment and Social Innovation (EaSI) programme is a financing instrument at EU level to promote a high level of quality and sustainable employment, guaranteeing adequate and decent social protection, combating social exclusion and poverty and improving working conditions.

Objectives:

  • Strengthen ownership of EU objectives and coordination of action at EU and national level in the areas of employment, social affairs and inclusion
  • Support the development of adequate social protection systems and labour market policies
  • Modernise EU legislation and ensure its effective application
  • Promote geographical mobility and boost employment opportunities by developing an open labour market
  • Increase the availability and accessibility of microfinance for vulnerable groups and micro-enterprises, and increase access to finance for social enterprises
Link Link to Programme
Call
Transaction cost support for social enterprise finance
Description of call
"Transaction cost support for social enterprise finance"
The objective of the call is to develop the social enterprise finance market. It will catalyse risk capital investments below EUR 500 000 that otherwise would not happen in the area of social finance, by supporting transaction costs linked to these investments. This transaction cost support scheme takes the form of a grant and can be combined with financial instruments as a means to address the mismatch of needed and sustainable ticket sizes. The grant is aimed at financial intermediaries that undertake long-term risk capital investments in ticket sizes of less than EUR 500 000 in the form of equity, quasi-equity, or hybrid financing to social enterprises. Activities related to the preparation, conclusion and follow-up of long term risk capital investments into social enterprises may be funded under this call for proposals.
Link Link to Call
Thematic Focus Finances, Social affairs
Funding area EU Member States
Albania / Shqipëria
Former Yugoslav Republic of Macedonia / поранешна југословенска Република Македонија
Iceland / Ísland
Montenegro / Crna Gora/Црна Гора
Norway / Norge
Serbia / Сpбија
Turkey / Türkiye
Origin of Applicant EU Member States
Albania / Shqipëria
Former Yugoslav Republic of Macedonia / поранешна југословенска Република Македонија
Iceland / Ísland
Montenegro / Crna Gora/Црна Гора
Norway / Norge
Serbia / Сpбија
Turkey / Türkiye
Eligible applicants Other
Applicant details In order to be eligible, applicants need to be an investment fund, a Fund-of-Funds or a special purpose vehicle
Call opens 23.11.2018
Call closes 21.03.2019
Project duration min 12 months
Project duration max 24 months
Type of Funding Grant
Financial details Total call budget: 3 million €
Grant per project: 300 000 € - 1 million €
Co-financing rate: max. 80%
Submission Online via SWIM
AND
Hard copy via post to:
European Commission
Call for proposals VP/2018/017 – DG EMPL
CAD J-27 00/120
B-1049 Bruxelles - BELGIUM
Contact Details
https://ec.europa.eu/social/main.jsp?catId=2&langId=en&acronym=contact

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