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Monday, April 27, 2020

Skills & Education Guarantee Pilot, the new instrument launched by the European investment fund and the Commission

Social Affairs, Education - Training,-,

News The instrument is a new debt financing initiative dedicated to stimulating investments in education, training and skills, as part of the solution to get more people into jobs and to better respond to the European economy’s changing needs.

The EUR 50 million Skills and Education Guarantee Pilot will support financing for students and learners, enterprises investing in the upskilling of their employees, and organisations supplying education and training.

The Skills & Education Guarantee Pilot (S&E Pilot) is a new debt financing initiative dedicated to stimulating investments in education, training and skills – as part of the solution to get more people into jobs and to respond to the European economy's changing needs. This initiative is particularly relevant in the difficult economic situation European citizens and enterprises are facing currently due to the coronavirus pandemic. It will support companies and students during, and after, the crisis, to ensure that Europe can develop and stay at the helm of global technological developments, drive its knowledge economy forward and accelerate its economic recovery.

 


Source :  European Commission - Press corner


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