Impact Together!

Project Duration
January 2023 – June 2027
Budget
€11 million (EU contribution: €10 M)
Status
Ongoing
Learn more about the project

Countries covered:

  • Algeria
  • Egypt
  • Jordan
  • Lebanon
  • Morocco
  • Palestine *
  • Tunisia

Scope of the programme

The overall objective of the Impact Together! action is to strengthen and promote social economy as a vector for job creation and expansion of economic opportunities, leading to a more inclusive economy in the Southern Neighbourhood countries.

The regional programme aims to increase the capacity of the social economy support organizations (SESOs), that play an instrumental role in the social economy ecosystem and act as bridge builders to social enterprises, in terms of networking and advocacy. It will also focus on strengthening the capacity of existing impact funds and the development of new financing vehicles to provide access to more capital.

Objectives

Objective 1

Policy dialogue is enhanced and awareness on social economy and
social innovation is increased.

Objective 2

Capacity and impact competences of Social Economy Support Organisations (SESOs) is increased.

Objective 3

Social entrepreneurs have scaled up through technical assistance,
and tailor
made expertise (investment ready) and access to finance.

Actions in brief

  • Identification of best practices in social entrepreneurship and its dissemination across the Southern Neighbourhood countries.
  • Demanddriven educational opportunities for country partners and ecosystem stakeholders to help them acquire new skills and build local capacity.
  • Support existing impact funds across the Southern Neighbourhood countries through leveraging EU funding.
  • Networking and building relationships with the European and global community of investors for impact.
  • Facilitating peer learning among the partners, capacity building competences and programs to build synergies/cooperation.
  • Building impact investor communities in the country and through diaspora engagement to
    mobilise local resources
    to build sustainability of the financing vehicles.
  • Impact investments in social enterprises and impact businesses to enable their sustainability and growth beyond the life of the action.
Thematics
Employment & Entrepreneurship