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Sectors: Economy - Finances, Employment, SME Policy, Social Affairs

Beneficiaries: Corporations, Investment Funds

Regions: Candidate countries, European Economic Area, European Union

Category: Call for Proposals

References:

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Additional info regions:

Eligible EEA countries: Iceland, Norway
Eligible candidate countries: Albania, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey

Amount:

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Linkedin:

WE Funding – EASI – Support…
Funds for: Support the social enterprise finance market within the EU
Main beneficiaries: Investment funds

Responsible: European Commission

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Amorce:

Funds for: Support the social enterprise finance market within the EU
Main beneficiaries: Investment funds

Priorities and funded actions:

Objectives
* Promote employment and social inclusion by improving access to finance for social enterprises and supporting the development of the social enterprise finance market;
* 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

Priorities
* Support 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 in the EaSI Participating Countries;
* Decrease the transaction costs for these small investment tickets and thus help overcome a market failure in the social enterprise finance market

Among financed actions
* Activities related to the preparation, conclusion, and follow-up of long-term risk capital investments into social enterprises, including a mix of activities such as:
– Traveling to meet (potential) investees;
– Screening and processing investment applications;
– Preparing legal documents, potentially with a lawyers’ advice;
– Carrying out the due diligence, including assessing (potential) impact of the investment;
– Providing investment readiness, scaling readiness or business restructuring support;
– Bringing in co-investors;
– Managing the investments and monitoring social impact