closed call
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:
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| 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 Iceland / Ísland Montenegro / Crna Gora/Црна Гора North Macedonia / Северна Македонија Norway / Norge Serbia / Сpбија Turkey / Türkiye |
| Origin of Applicant | EU Member States Albania / Shqipëria Iceland / Ísland Montenegro / Crna Gora/Црна Гора North Macedonia / Северна Македонија 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 |
| 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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