The objective of the call for proposals is to contribute to the development of a social finance market by enabling more social enterprises to take on repayable finance for developing and scaling up their innovative business model. In order to take into account the variety of social finance market situations, the call offers several strands: A, B and C act on the supply side of social finance, and strand D and E on the demand side. The total budget earmarked for the co-financing of actions is estimated at EUR 2.150.000 million, with indicative grant amount per action differing between the strands and ranging between EUR 85.000 and EUR 150.000, and co-financing rate of 20% by the applicant. The duration of the actions should indicatively be between 15 months and 18 months. More information is available here.
Source: EC
