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.
A social entrepreneurship guarantee agreement worth €10 million has just been signed between Banca Valsabbina and the European Investment Fund (EIB Group) in Italy. This initiative is financed by the European Commission’s Programme for Employment and Social Innovation (EaSI). The European Investment Fund will guarantee 80% of the loans provided by Banca Valsabbina, therefore, supporting up to 70 new projects. Social enterprises will benefit from loans up to €500,000 and the average financing amount will be around €140 000.