Call for Proposals to provide Co-financing grants for Investment Projects with a high Job Creation Impact
Deadline: 30-Jun-23
The Facility Investing for Employment has launched a call for proposals in Morocco to provide co-financing grants for investment projects with a high job creation impact.
MORE THAN $1 MILLION GRANTS ARE UP FOR GRABS!
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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.
Categories
- Not-for-profit projects with job creation impact (no revenue generation)
- Not-for-profit projects with job creation impact (with revenue generation)
- For-profit projects with job creation impact mainly at 3rd party entities
- For-profit projects with job creation impact mainly at applicant’s entity.
Key Performance Indicators (KPI)
- IFE targets the following KPI:
- KPI 1: Number of new jobs created either at the applicant’s entity/ies and/or at 3rd party entities
- KPI 2: Number of improved working conditions / income for existing employees
- KPI 3: Number of employees benefitting from vocational/further qualification measures.
Funding Information
- IFE grants range from 1 million to 10 million euros per project.
What does the Facility Investing for Employment fund?
- The Call for Proposals is seeking applications for four types of investment projects:
- Not-for-profit projects with job creation impact No revenues
- 90% maximum of co-financing of the total project costs. Applicant co-finances at least 10%.
- Not-for-profit projects with job creation impact Generating revenues
- 75% maximum of co-financing of the total project costs. Applicant co-finances at least 25%.
- For-profit projects with broader job creation impact
- 35% maximum of co-financing of the total project costs. Applicant co-finances at least 65%.
- For-profit projects with job creation impact
- 25% maximum of co-financing of the total project costs. Applicant co-finances at least 75%.
- Not-for-profit projects with job creation impact No revenues
Project Maturity and Investment Phase Timeframe
- Projects must demonstrate an advanced level of maturity;
- Investment can be started within a maximum period of 12 months after signing the Grant Agreement;
- The investment phase of a project may not exceed 24 months;
- Total time from the date of effectiveness of the grant agreement until the end of the investment phase cannot exceed 30 months.
Project Location
- All projects co-financed by IFE must take place entirely in the country of the Call for Proposals.
- The job creation impact of the project must also take place in the country of the Call for Proposals.
Eligibility Criteria
- Individual applicants (legal entities registered in Morocco that have been in operation for at least three years)
- Consortia (two or more legal entities, with at least one entity registered in Morocco and in operation for at least three years).
For more information, visit Facility Investing for Employment.