• Description
  • Programmes
  • Contact

Sectors: Education - Training, Employment, Innovation, Social Affairs, Youth

Beneficiaries: Civil Society Organisations, Corporations, Development NGOs, Local and Regional authorities, Non-profit organisations, SMEs

Regions: Balkans, Candidate countries, European Economic Area, European Union, Switzerland

Category: Call for proposals

References:

To view this information, please connect.

Additional info regions:

* EU Member States;
* Iceland and Norway in accordance with the EEA Agreement;
* Albania, North Macedonia, Montenegro, Serbia and Turkey

Amount:

To view this information, please connect.

Responsible: European Commission

Useful:

To view this information, please connect.

Contact:

To view this information, please connect.

Advice:

To view this information, please connect.

Amorce:

EaSI – PROGRESS Axis – Actions to boost the development of finance markets for social enterprises – 2019 
Funds for: promoting employment and social inclusion by improving access to finance for social enterprises and supporting the development of the social enterprise finance marke

Priorities and funded actions:

Objectives
* Contributing to the development of a social finance market
* Enable more social enterprises to take on repayable finance for developing and scaling up their business model
* Learning from different models and good practice in developing and enhancing social finance across the Union

* For Strand A: Establishment of social finance partnerships
– Facilitating the development of a consortium and commitment to act in view of laying the groundwork for a future financial instrument
– Addressing situations in which no suitable financial instrument for social enterprises is in place, and there is a lack of investors or banks prepared to launch or participate in a financial instrument for social enterprises

* For Strand B: Establishment of social finance instruments and mechanisms
– Mobilising key partners (potential investors, support organisations and stakeholders) to act and to cooperate with a view to setting up a concrete financial instrument
– Reducing the risks associated with innovation and to facilitate the acquisition of specific expertise needed for drafting contractual agreements

Priorities
* For Strand A:
– A detailed assessment of the social finance market and a vision for closing gaps and overcoming deficiencies in the supply of social finance, including needs in terms of types and size of investments and assessment of the investment readiness of potential investees;
– An assessment of the suitability and feasibility of setting up a sustainable social finance mechanism;
– An outline of the investment readiness plan including an indication of the methodologies, tools and activities envisioned for enabling social enterprises to become investment ready

* For Strand B:
– The legal agreement of the partners (specifying their roles and contributions) to finance, set up and manage a financial instrument providing finance as well as investment readiness / follow-up support to social enterprises;
– All contractual arrangements needed for the registration of the financial instrument, for fundraising, for investments, lending or underwriting and for the conduct of management;
– The methodologies, procedures or resources (e.g. for due diligence, impact measurement and reporting) jointly applied by the partners to reduce transaction costs and build mutual trust and confidence

Among financed actions
* For both Strands:
– Analytical activities such as market assessments, mapping projects, assessment of feasibility and suitability of setting up social finance mechanisms/instruments, design of methodologies, tools, processes;
– Marketing/networking actions aimed at bringing in additional investors (e.g. organisation of meetings or participation in relevant conferences/ fora that gather potential investors);
– Training activities and capacity building actions (e.g. aimed at developing capacities for managing investments)

For Strand B:
– Work of financial experts and lawyers to draft the legal documents for setting up the social finance instrument or mechanism required by EU or national legislation;
– IT services in case the financial instrument uses web-tools or is based on a web platform (e.g. crowdfunding platforms);
– Provision of investment readiness services to social enterprises

Additional information
* This call for proposals is an open call for proposals

* Initial duration of the action: between 18 months and 24 months

* Eligibility:
– Be a public or private entities of any type;
– Be an enterprises not listed on the stock market

* The action must take place in an eligible country participating in the EaSI programme