Transaction cost support for social enterprise finance

Call: Transaction cost support for social enterprise finance

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Programme

EaSI - Programme for Employment and Social Innovation

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
Iceland / Ísland
Montenegro / Crna Gora/Црна Гора
North Macedonia / Северна Македонија
Norway / Norge
Serbia / Сpбија
Turkey / Türkiye

Origin of Applicant

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