RE-thinking MICROcredit as a tool to support SMEs and boost LOCAL economies
|Project Number – MIS||5070104|
|Priority axis||1 - A Competitive and Innovative Cross-Border Area|
|Investment priorities||3a - Promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, including through business incubators|
066. Advanced support services for SMEs and groups of SMEs (including management, marketing and design services)
|Call||6th CALL FOR PROJECT PROPOSALS|
|Lead Beneficiary||BUSINESS AND CULTURAL DEVELOPMENT CENTRE (KEPA)|
ALLIANCE FOR REGIONAL COOPERATION AND DEVELOPMENT
Rhodopes Regional Tourism Association
SERRES CHAΜBER'S DEVELOPMENT COMPANY
|Start Date||Apr 19, 2021|
|End Date||Apr 18, 2023|
|ERDF Contribution||482.214,01 €|
|National Contribution||85.096,59 €|
The main results of the project in particular will be: business support structures/ 300 SMEs’ representatives participate to the business support activities/500 unemployed and small entrepreneurs increase their skills and capacity though the training and support provided by the project /50 people will generate income activity by receiving training and support (including financial support though the cooperation with microcredit or other financial providers) /20 former entrepreneurs (restarters)and social entrepreneurs get assistance in order to start a new business / opportunities for young people to stay in the regions / 4000 people informed about the project /Participating staff of the organizations increase capacity and expertise/ knowledge exchange between the participating partners.
The project methodology will include investments in entrepreneurship support infrastructure and service provision systems of the partners; in order to deploy a diverse range of business advisory services taking the form of either generic or high-value added services. The project will aim to facilitate the access of entrepreneurs to financing by linking them with the microcredit sector and other private investors (e.g.Venture Capitals, Business Angels,national or EU funding opportunities)in order to get financial assistance. Additionally, the project is addressed to several target groups such as young people and second chance entrepreneurs. Sector-specific training is also another innovative element of the provided services where specific focus will be given.