Danube-INCO.NET — Advancing Research and Innovation in the Danube Region

Calls for funding opportunities

Call: Transaction cost support for social enterprise finance

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.

  • Posted on: 14.11.2018

Website: Link

Programme 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 to Programme

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 to Call

 

 

Program: Other | S&T field/scope: General | Affilation and Pillar: Research and innovation community | Geographical focus: Danube Region