Loans at a reduced interest rate for social enterprises

by Editorial Staff - 2017.07.04
Loans at a reduced interest rate for social enterprises
  • Share on Facebook Share on Twitter Share on Whatsapp
  • Print

First social finance transaction in Italy to provide €50million for social enterprises. The European Investment Fund (EIF) and Banca Etica (BE) have signed the first Social Entrepreneurship guarantee agreement in Italy under the EU Programme for Employment and Social Innovation (EaSI). This new guarantee agreement allows BE to provide a total of €50 million to 330 social entrepreneurs over the next 5 years, to both Spanish and Italian businesses. Social enterprises including those employing people with disabilities, people who have been long-term unemployed, migrants and asylum seekers, will be able to benefit from loans at a reduced interest rate, with reduced collateral requirements, under the EU supported programme. BPE will focus on a vast range of social enterprise sectors, targeting innovative socially oriented start-ups, social agri-businesses and companies active using energy efficiency and renewable energy technology. For further information please refer to this website.

Published in Social enterprises.
Related:
  • Architects against social inequalities at the Venice Biennale

    Architects at the Venice Biennale this year wanted to stress their ability to face the challenges of inequality and poverty in the world. Many projects that focus on simple and ecological solution against the imbalances of the planet. With the title "Live from the front", the 15th edition h 88 Read More.

  • Applications for the European Social Innovation Competition are open

    Applications for the 2016 European Social Innovation Competition are open. This year's edition focuses on refugees and migrants, and encourages applications led by or co-created with one or both target groups. Under the theme "Integrated Futures", the European Commission is looking for innovations in products, technologies, services and models that Read More.

  • How many social enterprises are there in Italy?

    Social enterprises active in Italy are 56,650; 36% of which are run by women. Their number increased by 4.2% in one year and 12.8% compared to four years ago. The total number of employees amounts to over 682,000. The first city in this country as far asthe number of these Read More.

  • Professionals the non-profit sector needs most

    Professional teachers, social and health workers, social media and intercultural technicians, psychologists and social support assistants are the professionals most sought by the Italian non-profit sector. As regards geographic distribution, there is most need for the intellectual, scientific and highly specialised workers, especially in Lombardy (25.3%), Veneto (12.4%), Puglia (7.6%) Read More.

  • An ethical search engine to rival Google

    Lilo is an ethical search engine that is competing with IT giants. Every time you use Google or Yahoo you are exposed to advertising, from which the tech giants earn an average of €30 a day per user. Lilo, however, finances social projects simply by browsing. Each time you search, Read More.

  • Taste of success for France’s social economy

    In 2012, the four families of the French social economy employed 2.3 million people. The National Institute of Statistics and Economic Studies (INSEE) has announced, by publishing an analysis on the economic importance of the single members of social economy, which generate an added value of 90 billion euro, mainly from Read More.