The regional program “Algarve 2030” launched the first notice, with 1,7 million euros in allocation, to support social innovation projects.
Of these 1,7 million, 60% comes from the European Social Fund Plus (ESF+) and 40% from the Social Security Budget.
«The financing will be awarded in the form of a non-refundable grant and will cover, for a maximum period of 36 months, the regular and permanent costs of the team assigned to the project (including mandatory contributions from the respective employers), plus 40% for all the other costs associated with running the operations», explains the Algarve Regional Coordination and Development Commission (CCDR), which manages European funds in the region.
This first notice in the “Partnerships for Social Innovation” typology is thematic and aimed only at supporting projects/actions for the creation, development and/or growth of Social Innovation and Entrepreneurship Initiatives (IIES) focused on developing skills in children and young people.
The expected impact of these initiatives, which will be followed by others within the scope of the Municipal Plans for the Promotion of Educational Success and Priority Intervention Educational Territories, also to be supported within the scope of Algarve 2030, should translate into a significant improvement in learning results , and regional indicators of educational success, and even greater integration of young people who neither study nor work (NEET), ensuring convergence with the goals set out in the European Pillar of Social Rights Action Plan.
In partnerships for Social Innovation, social investors may be any private, public or Social Economy entities interested in supporting IIES, whatever their geographic location.
Examples of social investors include Foundations and Misericórdias, within the scope of their support programs for innovative projects in the context of the Social Economy, Companies that support initiatives within the scope of their social responsibility activities, or municipal or inter-municipal entities that wish to support projects innovators in your region.