The Facility Investing for Employment will launch a Call for Proposals in Egypt on 1 June 2023

The Facility Investing for Employment will launch a Call for Proposals in Egypt on 1 June 2023

The Facility Investing for Employment is an investment mechanism for job creation that provides co-financing grants for private and public projects in its eight African partner countries. On 1 June 2023, a competition round will launch in Egypt. The Call is open to all sectors of the economy.

Private companies as well as public and non-profit organisations are invited to submit investment pro- posals. Applications are accepted in four categories. They range from purely private sector investments to public infrastructure projects. The Facility supports the projects with grants ranging from 1 million to 10 million euros per project. The amount of the grant depends on the project category and ranges from 25% to 90% of the investment volume. It is essential that each project contributes to sustainable job creation in the private sector in Egypt. The Facility only finances mature projects that have not yet started and that offer reasonable chances for being operationally and financially sustainable. Candidates can apply individually or in a consortium with other candidates, provided they are based in African countries or in the EU/EFTA.

This is how the application process works

Applications for the competition round can be submitted from 1 to 30 June 2023. In a first