Deadline: 22-Dec-22
The Facility Investing for Employment has launched a Call for Proposals in Egypt with a focus on Women in Business.
The Call for Proposals is primarily intended to support women entrepreneurs and women-led businesses and to make financing available to projects that promote the employment of women.
Investing for Employment provides co-financing grants for investment projects with a high job creation impact. The Facility aims for an optimal allocation of available funding to projects with the highest plausibility of success and expected return in terms of the number and quality of new jobs created.
The selection of projects is based on a competitive application process and gives priority to high-quality proposals that are mature and ready for execution. The Facility will only co-finance those projects that are rated best in terms of operational viability, financial sustainability, and job creation.
What does the Facility Investing for Employment fund?
- This Call for Proposals is seeking applications for four types of investment projects:
- Not-for-profit Projects with job creation impact (no revenues):
- IFE covers up to 90 % of the investment costs.
- Not-for-profit Projects with job creation impact (generating revenues):
- IFE covers up to 75 % of the investment costs.
- For-profit Projects with broader job creation impact:
- IFE covers up to 35 % of the investment costs.
- For-profit Projects with job creation impact:
- IFE covers up to 25 % of the investment costs.
- An applicant (individual entity or consortium) must provide own financial contributions towards the overall project expenditure in the required proportion. The percentage of own contribution required is defined based on the project category. All jobs created as part of the projects must be in the private sector.
- The grants are disbursed during the investment phase of the project and in accordance with achieved milestones.
Funding Information
- IFE grants range from 1 million to 10 million euros per project.
Eligibility Criteria
- Individual applicants (legal entities registered in Egypt)
- Consortia (two or more legal entities, with at least one registered in Egypt).
- Applicants must fulfil at least one of the following conditions:
- Ownership: At least 51% of the shares of the applying entity are owned by women (in case of a consortium at least the lead applicant)
- Management: At least 30% women in executive management positions or in Board of Directors of the applying entity (in case of a consortium at least the lead applicant)
- Employment: The envisaged project will have a female workforce participation ratio well the average female participation ratio of the specific sector of the project (ideally 20 percentage points average value)
For more information, visit https://invest-for-jobs.com/en/calls-for-proposals-overview/ife-call-for-proposals-wib
