EU Programme for Employment and Social Innovation


EaSI 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.

EaSI is managed directly by the European Commission, and brings together three EU programmes managed separately between 2007 and 2013: PROGRESS, EURES and Progress Microfinance.

These programmes form the three axes of EaSI, and support:
1. the modernisation of employment and social policies with the PROGRESS axis (61% of the total budget);
2. job mobility with the EURES axis (18% of the total budget);
3. access to micro-finance and social entrepreneurship with the Microfinance and Social Entrepreneurship axis (21% of the total budget)

The objectives of EaSI are to:
1. Strengthen ownership of EU objectives and coordination of action at EU and national level in the areas of employment, social affairs and inclusion.
2. Support the development of adequate social protection systems and labour market policies.
3. Modernise EU legislation and ensure its effective application.
4. Promote geographical mobility and boost employment opportunities by developing an open labour market.
5. Increase the availability and accessibility of microfinance for vulnerable groups and micro-enterprises, and increase access to finance for social enterprises.

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Open Calls

 

EU Programme for Employment and Social Innovation

Name of Call

Description of Call

Eligible Applicants

Deadline

EaSI - Transaction cost support for social enterprise finance

The objective of the call is to test a transaction cost support scheme in the form of a grant to be combined with financial instruments as a means to address the mismatch of needed and sustainable ticket sizes. More particularly, it aims at catalysing smaller risk-capital investments of below EUR 500 000 that otherwise would not happen.

The grant is aimed at 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 (see annex II for a glossary) to social enterprises in the EaSI Participating Countries7. It will serve to lower the transaction costs for these small investment tickets and thus help overcome a market failure in the social enterprise finance market.

Legal entities; Foundations, investment funds, Fund-of-Funds,  (co-) investment schemes

December 1, 2017
April 15, 2018