ESF-2022-SOC-FIN
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Foundation purpose
EU's main instrument for investing in people. Supports employment, education, social inclusion, and equal opportunities across member states.
Supports
ESF Project Grants
Description
Expected Outcome: This call aims to further support the development of the social investment market and facilitate access to finance for social enterprises through grants to intermediaries in the social enterprise finance field to partially cover the transaction costs.The envisaged activities are based on the fact that the most important funding gap for social enterprises is below EUR 500 000. However, the transaction costs for such small tickets can be high which gives an incentive to social impact fund managers to focus on higher amounts in order to preserve the fund's sustainability. This can lead to a mismatch between needed and sustainable ticket sizes. Scope: Social enterprises play a key role in implementing many principles expressed in the EPSR, in particular: 3. Equal opportunities, 3. Active support to employment, 5. Secure and adaptable employment, 17. Inclusion of people with disabilities, 18. Long-term care and 20. Access to essential services.
Deadline
14 June 2022
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